So it didn't get to the 4th wave target, of 413/414 but hit the original error target of 416, implying only a 23% drop which is very bullish.
Now, this is where it gets very tricky. The head winds to 424 are significant, but all the indicators are saying it will get there, so if one traded out at 418 but didn't yet trade back in, now is the time to consider additional risk and take it back at 417/418. Which is what I have done, BUT the MACD here looks right, while currently (as I type) the MACD is showing tentative signs of reversing, so it may yet fail. No way to know yet. It has to be pretty keen to get to the 5th wave target now given the queue on the sell side.
PLS chart, page-14952
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |