I think the market was anticipating a posco Ann before the quarterly after news posco had made the final investment decision.
atleast for now the ball is pls's court and we could hear from them any moment within this quater.
looking at the chart we have a daily low bouncing off the 21 day moving average "pink" and also a Bounce off the bottom fork line.
You can also see the way these candle wicks are respecting the mid line giving more confidence in this fork.
This could be just a healthy correction and continuation of current trend as the fundamentals are to strong to change trend as we are expecting expansion plans to be released within the coming weeks.
Gltah cheers
PLS chart, page-1340
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Last
$3.00 |
Change
-0.100(3.23%) |
Mkt cap ! $9.034B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.20 | $2.98 | $96.27M | 31.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 80269 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.03 | 22200 | 4 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |