I agree that there is no sign of shorters covering based on available data so far.
But it’s also pretty hard to imagine PLS below $3 again (especially now spot carb and spodumene prices appear to be indicating the bottom is already in. Of course this could be a very short term rebound, so I guess the jury is out on how long the rebound will last for.
But that is a dangerous game to play - pure speculation that the current rebound in share price will fail soon and the downtrend will resume.
It was a far safer play when spot prices were dropping every day.
Anyway, we wait to see what happens next week.
Good News & Bad News, page-39700
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |