PLS 1.64% $3.00 pilbara minerals limited

Ann: Change in substantial holding, page-16

  1. 3,009 Posts.
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    Hi Folks

    Just a quick daily chart update.

    We have seen a bounce from the low 3.86 so far up to 4.25 which is around a 23.6% bounce from the downward A-wave 5.41 to 3.86.

    I was expecting a bigger bounce maybe to 31% of even 38%. Shareholders will be getting div's soon so maybe a break higher than 4.25 is still ahead. Unsure?

    Both the Dow and NDX are about 5% down from their peaks a couple of months ago. Possibly that's what's having an impact on PLS. Looking at the charts for both of them a further correction into October would not surprise me in the least.

    Just the way I deal with the markets so that I am not surprised by what plays out. As Always DYOR

    cheers Lies



    https://hotcopper.com.au/data/attachments/5611/5611951-fc1593b6005130d72dba63a50f73f3fd.jpg
 
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