Yep, supply to be worked through in this range. IMO, maybe a bit more upside to 510-520 range this week then a retest at the 480 region which will be at the 78.6% Fib retrace at 483, downtrend line, gap at 483 and 50SMA. Currently respecting the channel but I suspect they will try and pick up supply with a test of that. If they get serious, the gap at 443 beckons. That is also approx' the 200SMA (Magenta).
On the bright side, once the non believers are flushed out, a new up wave should commence. If we blow past 543 in the next few days, the EW gurus might like to give a wave count update. I'm not there yet.
Not predictions punters, just my view. Flush with new funds, I'm set for top ups if the maggots have a short term win and close those pesky gaps. At 450, it's a $13.5B MC with $3B in the bank and revenue of approx' $4B, making for juicy biannual dividends and growth to boot. That'll do me.
PLS chart, page-16522
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |