PLS 1.01% $3.00 pilbara minerals limited

PLS chart, page-10769

  1. 11 Posts.
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    Completely agree that HC threads are all full of uprampers and downrampers, therefore everyone should be careful of the advice they receive from anonymous posters.

    Now I think that although there are multiple different rules that can be used in technical analysis, any that are worth their salt usually overlap. I've noted you keep mentioning distribution pattern (based on Wyckoff I'm assuming). Another name for it might be a triple top and consolidation. Correct me if I'm wrong, but it's my understanding that after the markdown phase ends in Wyckoff, a new accumulation phase begins.

    So does that mean you think that after whatever price action is going to happen has happened, PLS will set a new high one day? If it is, that's the same argument the long term holders are making. If you're looking out for the day traders, then fair enough.
 
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Last trade - 16.10pm 03/07/2024 (20 minute delay) ?
PLS (ASX) Chart
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