Hourly Ichimoku chart and hawkeye volume for PLS.
Price action on this chart remains below the cloud maintaining a bearish bias however the forward attitude of the cloud formation shows some flattening and thinning which would provide a set up for a valid long entry even with some modest sideways movement and/or modest increase in price.
Hawkeye volume has been showing very low volume trading since after the small failed bounce, indicating general market disinterest or to put it more kindly no new sellers or buyers.
A trader using this Ichimoku chart would currently be on the sidelines, neither long nor short but would be starting to watch the hourly chart more carefully for a possible long entry set up. I posted a weekly Ichimoku chart with Hawkeye volume for a US global lithium ETF fund here
https://hotcopper.com.au/threads/avz-chart.3105143/page-5751?post_id=34853604
with some thoughts also, for anyone interested.Esh
Income has $tarted chart thread !, page-44
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Last
$2.69 |
Change
-0.160(5.61%) |
Mkt cap ! $8.054B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.80 | $2.66 | $136.5M | 50.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 192046 | $2.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.70 | 589433 | 33 |
View Market Depth
| Last trade - 14.01pm 15/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |