yeah it will colapse but received record price last auction and has told everyone they will be paying a dividend soon, oh and another $800m in the coffers at the end of this quarter.
People look at the charts and understand all of the technical areas on the chart. The shorters look for upward momentum exhaustion, what would naturally happen is we would have a nice zig zag retracement before recovering and going higher. The shorters then sell it down hard making traders lock in profits and the people who have stops in get hit.
This is a different beast now to the BS GS dished out earlier this year. The RSI is already around 37 which is very low.
I have no doubt they may do one more thrust down on Monday which will bring more bargains but expect it to recover intra day.
Demand is so high, they have asked Santa to ditch his presents and help transport the spod
PLS chart, page-10157
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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 |