Hey guys
I have been reviewing the PLS chart for the last 12 months and had a startling realisation. The overall chart bears a striking resemblance to the downhill mountain bike courses I used to ride back in the day. It makes me wonder, whether I would have been brave enough to ride a course like this. The slope is steep and it would be pretty scary, I know I would be wanting a bike with massive triple clamp forks and huge travel for the descent. At least I would not have to do any pedalling as it is pretty much all downhill.
The point of this post though is that it really looks like from a technical analysis perspective, this thing is just going down and down and down. If we are talking about trading the trend then you would have to think that shorting this stock would be the way to go. People thought the "25" thread was down ramping, whereas now it appears like it is the upramping thread.
Since January 20 this share has halved in value and that was AFTER it had already been in a down swing for a quite some time. You would have to have a huge appetite for risk to invest here. Some might even say you would have to be the thrill seeker/downhill mountain biker type!!!
Hey guys I have been reviewing the PLS chart for the last 12...
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Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |