..and as for PLS, the stock had been trading sideways within a band since 3rd Qtr of 2022.
..normally when a growth stock undergoes an extended consolidation, this does not augur well for the stock ahead. The sideways movement suggest that holders don't want to sell but buyers are hesitant to pay more for its premium valuation, hence its a wait and see period.
..when eventually holders don't see the growth that they hoped for, the premium disappears and the stock takes a dive. You have to wonder if PLS will be like RHC. You can see in the RHC chart- after a meteoric rise, 7 years of extended consolidation from 2015, then it broke down.
LS — TradingView
