Pilbara Minerals, page-4

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Trading Central

Short Term View: Rise

• Rise
• Ltd Rise
• Con
• Ltd Dec
• Decline

as of 09 04 2016
Recent Technical Change

Trading Central's Short Term View is Rise
Medium Term View: Range

• Bullish
• Range
• Bearish

as of 09 04 2016
Recent Technical Change

Trading Central's Medium Term View is Range
Pilbara Minerals ST: the RSI is overbought

| Page last updated at 09 04 2016 07:36pm AEST

Pilbara MineralsAlternative scenario: below 0.435, expect 0.372 and 0.334.
Our pivot point is at 0.435.

Our preference: the upside prevails as long as 0.435 is support.

Alternative scenario: the downside breakout of 0.435 would call for 0.372 and 0.334.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 0.41 and 0.38). Finally, Pilbara Minerals is trading above its upper Bollinger band (standing at 0.53). Pilbara Minerals is currently trading near its 52 week high reached at 0.62 on 08/04/16.

Supports and resistances:
0.861 **
0.813 *
0.764 **
0.716
0.605 last
0.46
0.435 **
0.372 *
0.334 **

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Short term view (up to three weeks)

• - Rise: (Strong Bull) A strong increase in price
• - Limited Rise: (Limited Upside) A limited increase in price
• - Consolidation: Movement of an asset's price within a well-defined pattern or barrier of trading levels. Consolidation ends when the price of the asset breaks beyond the restrictive barriers, which triggers a quick increase of volatility (and an opportunity for short-term traders to generate profit)
• - Limited Decline: (Limited Downside) A limited drop in price
• - Decline: (Strong Bear) A strong drop in price

Medium term view (up to three months)

• - Bullish: Asset heading for a period of generally rising prices. Refers to an optimistic outlook
• - Range: (Consolidation) Movement of an asset's price within a well-defined pattern or barrier of trading levels. Consolidation ends when the price of the asset breaks beyond the restrictive barriers; it is seen as a bullish (on an upward breakout) or bearish signal (on a downward breakout)
• - Bearish: Asset heading for a period of generally falling prices. Refers to an pessimistic outlook