PLS chart, page-21784

Hi there ... You are not alone I've booked a few trading losses while PLS has been sinking

I also feel I've let you down by not posting the sinking green median chart enough this week
(Especially as it broke below the lower blue channel line)

I was optimistic when PLS was breaking upwards from its ascending triangle which I drew
in February, followed by a couple of higher lows.

So we win some and we lose some, in following chart patterns which don't always perform.

Even pessimissts suggest things will be more interesting whenever and if the
quarterly fundamentals improve, or when a final low is seen.

Our mistake (if it was a mistake) lay in believing that charts can sometimes lead
ahead of profits if there is strong underlying buying support.

Even now although PLS has dipped below my channel and below some important
exponential moving averages ... unexpected new buying could occur
at any time with a stock of this calibre. DYOR. NOT ADVICE.

Others may have the cash and the will to act in surprising ways.

Since we are not in the business of investment advice but simply spotting
interesting patterns we can live in hope while keeping some powder dry !!

Chart possibilities are just that. Nothing less and nothing more.
Sometimes they work and sometimes they don't

Even with no dividend the trend can still be our friend
after the bend at the end.

Now this is not the end.
It is (perhaps) not even the beginning of the end.
But it is, perhaps, (getting nearer) the end of the beginning ???


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