TA tends to be self-fulfilling. Look at the chart now, and if 2.2c gets taken out convincingly after such a healthy period of consolidation, it'll draw in the technicians like bees to a honeypot.
And above 2.5c, as you say, the brakes really come off.
I'm not a technician's bootlace, but even I recognise PIL's as shaping to be a most handsome chart. Don't know who the Picassos are painting it, but you'd have to doff your beret to 'em.
Ooh la la!
(Some fundamentals offered here: https://hotcopper.com.au/posts/72861774/single)
Daily Price Movement / General Discussion, page-2722
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $21.21M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $3.24K | 314.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 8889564 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 3107178 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PIL (ASX) Chart |