When PLS moved strongly out of its trading range just over a...

When PLS moved strongly out of its trading range just over a month ago it seemed at the time like a new uptrend may have commenced. So looking at the chart in isolation it was surprising to see how rapidly and forcefully the retreat right back and well into the trading range occurred. But not so surprising given the ever deteriorating sentiment in the sector.

Right now barely holding onto support The next support level is around 80 cents and then its ...

and yet PLS is outperforming just about all other Lithium stocks, relatively speaking.



Looking at the LIT etf, it is right on the precipice. (Whilst holdings have little to do with Lithium per se, it still is a good proxy for the companies in the LI space, and the sentiment is impacting all the battery metals). A break down from here could be hard and fast much like the REMX etf  which is in freefall (not shown due to viewers with 'dicky tickers').



But as per my usual final comment, I am holding for the long term when the financial statements will show the company's true value, and, I don't know when and from what price the next significant turnaround will occur much like August 2017. Hhhmmm, coming up to that anniversary date very soon.