PLS 3.17% $2.75 pilbara minerals limited

Update on the daily:Note anything above 415 gives us a bullish...

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    Update on the daily:

    Note anything above 415 gives us a bullish engulfing candle, which by definition is bullish, and today's trade (so far) has effectively cancelled the bearish harami from a couple of days ago. We remain in the rising channel with a first target of 450'ish (and a top probable target circa 483), which would complete wave 3. Currently expected Mon - Wed next week.

    The expected retrace at this stage would be expected to be around 404 - 416 (subject to external events) assuming the turn occurs at 450. Higher turn would give a higher retrace target.


    https://hotcopper.com.au/data/attachments/5243/5243975-a23e587f2148c7b77c3e2d2d0c1d6796.jpg
 
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