I had another quick look at my wave count and feel it does make sense. Now as you can see I'm using a log scale chart, which usually helps me to identify the waves within waves. So I think I will leave the count as is for the time being and await further development in the near future. Please let me know if it makes any sense or where you feel I have gone wrong.
As I mentioned a while back it is hard to believe this current drawdown, especially with production record auction prices and near term dividends, but in some circumstances it has been shown that the TA picture does win out over all those good FA arguments. I certainly can't say that this will happen here, so just take my chart as an alternative view
PLS Price at posting:
$3.72 Sentiment: None Disclosure: Not Held
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