"We have seen 7 daily rises since the 16 Mar with no retracements.I am not fond of that pattern. It needs to be stair stepping on the way up to allow for profit takes and weak holders. So that some slight retracement needs to happen in the short term only in my opinion".
Well watching myself I think I have seen the intraday each day sells to balance and not just end of day though we all read things differently.
I feel there's a bit of buy pressure and strength outweighing the last remaining shake-outs over the previous 2-3 months high with the known FA coming.. expected by end of month, pretty juicy stuff and could re-rate to well above current SP.
Though overall why do you think there have been seven daily rises, eg what has driven them? Curious.
PLS chart, page-5596
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Last
$3.06 |
Change
0.040(1.32%) |
Mkt cap ! $9.210B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.12 | $3.02 | $47.88M | 15.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 321604 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 269930 | 12 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |