PLS 1.29% $3.15 pilbara minerals limited

PLS - Chart Update, page-24

  1. 42,041 Posts.
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    Without sounding like a point of envy, I thought runaway/breakaway gaps are better suited in a with trend move. Here we have a clear break down then a 'reversal gap' (?) if there is such a thing?

    The weekly pin bar offers some clues to the current price action. Always a difficult thing to be buying even on that 'strong' signal but knowing that trading straight into a yearly congestion block is what the bull have to gauge the likelihood of clear slicing through all that block. It is the initial reaction to the gap up in price that I am fascinated and as you have suggested this could be bottom pickers making a quick return. So 40C has to hold this week or we could see bears coming back in?

    The BOA is encouraging giving meaning to production aspirations with the ML hurdle the major objective. Good luck to the bulls. Still assessing.
 
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Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
PLS (ASX) Chart
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