PLS 5.69% $3.16 pilbara minerals limited

PLS chart, page-12580

  1. 3,066 Posts.
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    I am in awe of the charting work by Darkstone, Hoots, Lies and others.

    Until my brain learns to cope with all the complexity involved in forecasting up/down targets I just need simplicity.

    With my Forrest Gump approach I just follow the trend (see chart below) as long as it lasts.
    When I see a trend turn upward or downward I note that it sometimes persists. I have very little TA expertise.
    So today the trend turn on Friday and Monday gave me comfort to sell at $ 4.95 during the open.
    When a swing up starts it will be good to buy back the third of my holding sold today.
    I may even buy more than I sold today when that turn occurs.

    While you may laugh it works for me.
    Simple is as simple does.

    That said, I find it immensely helpful when Darkstone, Hoots, Lies and others have similar findings.
    I accept that their methods are far more sophisticated, and more forward looking.
    They seem much more proactive, while I am far more reactive.

    If and when I understand all their methods more clearly I will try to provide better input.
    I've started to use different EMAs to try to improve what I do.
    Appreciation for the great TA work done by others.

    My daily chart is not to be considered as advice to buy, sell or hold.
    Things can change very quickly, including intra-day.

    I also respect those with the confidence to hold without trading.
    Some of my PLS are held that way. Again not advice.
    Personal circumstances can differ greatly.

    https://hotcopper.com.au/data/attachments/5014/5014328-bfcd9a2df9548b3101fa08288863b86b.jpg

















 
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