There is a possible head and shoulders (H/S) pattern playing out.
Right shoulder is in formation.
Generally a bearish sign if the neckline (currently around 88-90 cents) is broken. The target downside would be the green vertical lines (i.e. distance of head to neckline), so roughly 55 cents.
Make what you will of charts and TA. Hard to make a call on this one until that neckline is or isn't broken, but hard to believe it will drop that much given the fundamentals and lithium sector at the moment.
There is a possible head and shoulders (H/S) pattern playing...
-
- There are more pages in this discussion • 102 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.87 |
Change
-0.020(0.69%) |
Mkt cap ! $8.638B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.92 | $2.78 | $84.74M | 29.64M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 173645 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 30000 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |