Hi @hoots ,
Since this time last year till now, we have added approximately 30% to 33% additional shares to the share registry (from around 1.2 billions to around 1.6 billions)
For most of last year, we had a major 60c resistance line and if 33% dilution is applied, that would bring that resistance line back to 0.6 * 0.67 = 0.402 dollar.
In my opinion, this is why have have strong resistance at around 40c mark now.
Does charting take into account of dilution and market cap ?
regards,
DoN
PLS - August charts, page-2
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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 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |