Trying to create anxiety when it's not really there. Funnymentals are too good to worry about any major chart breakdown or worry to the business. If Puckwit Futin continues with his madness, the world will have a lot more to worry about than the share market.
OK folks, ASB has tried to create anxiety by comparing two charts. In the AKE chart it totally ignores the significant price extreme outside his so called "beautiful bullish flag".
In the PLS chart, it uses the price extreme to create a short term downtrend line and has a LT trendline subjectively drawn to suit its agenda. Just so happens the PLS price extreme was far better than the AKE spike so I take that as a win for PLS.
Currently BEOT are using all the technical indicators as tools for inciting fear. They know we watch them and when the price is around the levels they are now, any price weakness is exploited to shake out weak holders. Currently sitting just under the 21 and 100 SMA's.
Below is a PLS chart with a regression channel from the low at 178 in Oct 2021 to the most recent low of 256.5. The price extreme to 389 is put into perspective with the over exuberance obvious. This created the reversion to mean reaction which tried to hold the mid point for a few days and as we know, the Puckwit started his shite so here we are. Climbing the wall of worry and having to put up with the blowin chart opinions. Above chart by a notorious blowin FUDer who has appeared at most of the price tests of the 100 SMA. Pretty sure it is FW WATERBOY 20210909.
All IMO and DYOR on above charter.
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