For those interested... There is a clear H&S pattern with a breakout to the upside.
Here's the Monthly:
Clear breakout through resistance, MACD turning over, OBV double bottomed.
Here's the Weekly:
H&S clearly breached, MACD broken out of downtrend and is now indicating start of uptrend, OBV pointing up.
It's as simple as that, on a longer term this has already started to turn. Buy at breakout, use a stop loss underneath breakout and see what happens. If it falls apart, no problem lose 1-5% and wait for the next opportunity.
If it turns out to be profitable, ride it out, adjust your stop loss to the next support zone and see where the market takes it, no need to guess the top either. Trade what you see not what you think.
PLS - 2020 chart thread !, page-676
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 (20min delay)
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Last
$3.80 |
Change
-0.060(1.55%) |
Mkt cap ! $11.43B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.82 | $3.73 | $57.00M | 15.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 69737 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.81 | 38473 | 6 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$3.80 |
Change
-0.060 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $3.80 | $3.82 | $3.73 | 3913253 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| PLS (ASX) Chart |