Firstly, I will correct you, the movement from $5.03 - $4.67 was actually over 3 days not two like you claim. Also the 36c move which you claim is big is actually a smaller movement than the pullback we had in April which was 39c ($4.14 - $3.75 was also over three days ) and the sp had little problem over coming that. These 3-day movements show no sign of technical damage.
The 3-day pullback in January was 59c ($5.26 - $4.67 notably larger in size than now)
Then last year in Sep we had a large 3-day drop of 70c ($5.08 - $4.38) price was able to make higher highs even with this kind of rate of change, but it made for choppy price action.
So my point is, a 36c movement over 3 days is a healthy development. especially when you compare it to these other pullbacks....
PLS chart, page-15570
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |