PLS 4.56% $3.10 pilbara minerals limited

PLS chart, page-6613

  1. 8,392 Posts.
    lightbulb Created with Sketch. 2981
    You gotta be right one time.

    I think you cocked up closing your last position with the gaps on the chart that filled.

    It's going to be down to macro not company specific now IMO.

    What will US May CPI come in at tonight. If its a shocker will likely see heavy losses everywhere.

    If its better than anticipated a rally could be on the cards, and maybe a double bottom put in, but don't expect big rises from here now. Will be a long hard slog up, and EOFY selling still has a long way to run.

    From a Tax loss selling perspective think 2020 rather than 2021 IMO if you are looking for any guidance

    Possible prices to drop to are 123.6% length of wave A at $2.12 or 50 fib of the super cycle at $2.02, if gets to $2.00 can imagine stop loss area being hit.

    GLTAH
    https://hotcopper.com.au/data/attachments/4419/4419487-0bcb4db7fc69433942c12920ebc4e2e6.jpg


 
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