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$2.89 pilbara minerals limited

Supply from resistance as anticipated. This area 3.40 is of...

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ArielStarr89

5,215 Posts.

553

13/12/23

10:01

Post #: 71419374
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Originally posted by ArielStarr89: ↑

3.80 is a supply zone on PLS its had 5 failed attempts over the last month to break out. This is a good area for the bulls to show their strengh,the pros could gap it up through here come Monday. If this happens its a good sign and tells the majority are long and agree. the reason they gap them up is to lock in traders they don't want this area which is seen by the market to be used as a resistance (selling pressure) which will mean the market makers need to go through more supply while trying to achieve a result.

when a pro is bullish they want to try to reduce the amount of shares they have to go through at key area if they they are ready to take it higher. sto avoid selling from stale holders or shorts they use various mauvers to counter this and gapping it up is one this locks in traders thinking their entry is good., but they (the pros) know they will lock the retail in at even higher prices But I know their moves . A pros aim is to keep manipulating the price in their desired direction with as little resistance as possible.

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Supply from resistance as anticipated. This area 3.40 is of interest. It 3.39- 3.40 thats what I want to see.

PLS Price at posting: $3.50 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.89		Change 0.000(0.00%)		Mkt cap ! $8.714B

Open	High	Low	Value	Volume
$2.91	$2.93	$2.86	$45.75M	15.82M

Buyers (Bids)

No.	Vol.	Price($)
55	281621	$2.88

Sellers (Offers)

Price($)	Vol.	No.
$2.89	440700	76

View Market Depth

No.	Vol.	Price($)
55	282789	2.880
64	539257	2.870
46	563563	2.860
111	760096	2.850
22	389766	2.840

Price($)	Vol.	No.
2.890	439263	77
2.900	684426	41
2.910	368102	28
2.920	592966	27
2.930	235334	15

Last trade - 15.26pm 23/07/2024 (20 minute delay)

PLS (ASX) Chart

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