l see this pull back is not a bad move. I see it as a healthy move. If I systemically trade I would sell it last week too when SP was at the top. About three years ago PLS was around $1.20 before long dive. In a different word $1.20 is a big resistance now. Recently, it when up above $1.20 but all indicators were at the top, especially RSI was over 86. It means, SP can go down anytime. Anyway, as h00ts shown above, PLS SP was rebounding when it hit a long term trend line. It is a good sign to me. Below chart shows SP just hit Long term 50MA and rebounding, Bollinger band is near bottom line and RSI steaming out and below 50. I didn't check Fibonacci retracement but I think it is near 24% or 38% retracement, depends on how long you set the recent up trend. So, IMO, next week would be a good time to buy. Always DYOR.
Since I bought PLS about 4 years ago I have sold not a single stock. I am still so happy that I am holding it. Maybe someone says I am a fool but I know I am not. I wish you are too.
l see this pull back is not a bad move. I see it as a healthy...
-
- There are more pages in this discussion • 59 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
$3.00 |
Change
-0.050(1.64%) |
Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |