Hi , I agree with your view on people's sentiment suddenly changing and trying to manipulate others. This is a common approach on these forums, not specifically on PLS threads.
As this is a 'Chart Thread', I'd like to share my opinion on the PLS chart with the intention of hearing others. With reference to my chart posted above, I locked in profits purely based on TA. In my eyes, RSI, MACD and the candlesticks signalled the temporary top is in (i sold 5% below the ATH and I'm not gloating). I'm sure other chartists took some off the table to stay disciplined with their trading rules.
The market is a combination of buyers and sellers, we all know this. We all know that a pullback is necessary for a healthy chart. So when we experience a pullback, people who understand how the market works should not bat an eye when posters call "$1 by end of year ..." (I'll never say never but I find this very unlikely based on the current announcements made by management).
The reason why I'm expecting $3.70 is not because I'm trying to manipulate others to sell their shares, what a piece of shit i would be lol. But based on TA, I'm expecting $3.70 because: 1. SP gapped up and i see a 15% retrace from here possible to fill the gap before the next leg-up. 2. Based on previous retracements from ATH, PLS has pulled-back 15-25%. 3. To remind people of how significant this rally is, PLS has gone up 152% in 3 months. Sure, the fundamentals support this increase, but what's a 25% retracement going to do...? 4. Bear market across the Indexes including Dow Jones and S&P 500. 5. Not to offend anyone but good ol' Warren Buffet "Be fearful when others are greedy and greedy when others are fearful".
As always, whether you're a Trader, Investor or someone who does both - Good luck to all.
PLS Price at posting:
$4.41 Sentiment: Buy Disclosure: Held
(20min delay)