PLS 5.69% $3.16 pilbara minerals limited

PLS chart, page-9285

  1. 3,519 Posts.
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    we have our first usable pattern of this set now, which is the orange rising wedge BUT it has a wide channel so we are looking for something a bit tighter. So as the MACD has been crossed we look for the SP to drop below the 21 EMA as that is a pretty reliable inidcator of the start of a retrace, so in this case that is about 518. If it hits that price in the next 10 minutes or so we are at risk:

    https://hotcopper.com.au/data/attachments/4809/4809053-b5d417b922f6b5a412fef9a45e15b6d2.jpg

    At this point I am not expecting that to happen.

 
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