Here's another chart from a different company showing very similar price action... huge extension to 3.618x, huge bearish RSI divergence followed by short and fast correction to around the 38% fib retracement level before a dead cat bounce (like PLS). PLSs current daily chart patterns mimic those highlighted in the yellow box on the chart.
It's entirely probable that the downtrend hasn't finished imo because weekly bearish divergences take a long time to form (18 months in this instance) and similarly long time to unwind.
It's going to be an interesting 12 months for holders.
pls price expectations December 22, page-24
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Last
$3.07 |
Change
0.090(3.02%) |
Mkt cap ! $9.197B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.09 | $3.02 | $74.82M | 24.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $3.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |