TA tends to be self-fulfilling. Look at the chart now, and if 2.2c gets taken out convincingly after such a healthy period of consolidation, it'll draw in the technicians like bees to a honeypot.
And above 2.5c, as you say, the brakes really come off.
I'm not a technician's bootlace, but even I recognise PIL's as shaping to be a most handsome chart. Don't know who the Picassos are painting it, but you'd have to doff your beret to 'em.
Ooh la la!
(Some fundamentals offered here: https://hotcopper.com.au/posts/72861774/single)
Daily Price Movement / General Discussion, page-2722
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $25.45M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.2¢ | 1.0¢ | $162.9K | 14.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 9636363 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 459134 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PIL (ASX) Chart |