PLS 3.17% $3.05 pilbara minerals limited

PLS - 2020 chart thread !, page-665

  1. 66 Posts.
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    @AverageJoe

    The monthly chart offers a bigger HnS with neckline broken around 70c. It's again retraced to 13c which is the bottom of corrective wave C. MACD converged and crossed the signal for the first time since Oct 2018. This obviously did not happen when that W pattern - shown above - did form.

    https://hotcopper.com.au/data/attachments/2361/2361608-12326fd66410eaf69c2c6c95207cfce8.jpg

    Also here is MACD confirmation for weekly chart:

    https://hotcopper.com.au/data/attachments/2361/2361625-0d84eee685be3eef2ebe089010d93c2c.jpg

    End of the day, it appears that pattern could be a genuine HnS but as they say, appearances can be deceiving!
 
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