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$3.22 pilbara minerals limited

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acwbagnall

1,850 Posts.

1469

04/04/23

13:04

Post #: 67126810
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Originally posted by acwbagnall: ↑

The next few weeks will be interesting - today's bounce off the LTR takeover attempt has put in the expected 4th subwave of this retrace more or less right on queue, and to the right proportions (funny that), but will it fall back afterwards when the sugar hit wears off, or will this major catalyst event put the bottom in for this retracement at last and see some renewed vigor in the sector?
The FA in me says it will, but I would not be surprised if we see another couple of weeks of sharp declines in the spod and chemicals spot prices and a corresponding 5th (and final) subwave down to the expected target of the low $3s.
Either way I'll be smiling, as the rest of this year should be gravyyyyy

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As expected, lithium prices are dragging us back down again now that the LTR sugar hit has worn off the market.
Into the 5th and final subwave of this retrace now, and if we do make it down to the mid to low $3s before the quarterly I would be confident that will be the bottom and we should se a resurgence from.
Management's guidance on pricing for the next quarter will be interesting to note.

PLS Price at posting: $3.68 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.22		Change -0.040(1.23%)		Mkt cap ! $9.691B

Open	High	Low	Value	Volume
$3.24	$3.25	$3.19	$57.57M	17.90M

Buyers (Bids)

No.	Vol.	Price($)
11	120600	$3.22

Sellers (Offers)

Price($)	Vol.	No.
$3.23	135477	7

View Market Depth

No.	Vol.	Price($)
11	120600	3.220
13	654864	3.210
38	399586	3.200
20	261111	3.190
24	89451	3.180

Price($)	Vol.	No.
3.230	16909	5
3.240	166236	11
3.250	156436	9
3.260	117018	4
3.270	72602	4

Last trade - 16.10pm 19/06/2024 (20 minute delay)

PLS (ASX) Chart

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