PLS 3.83% $2.98 pilbara minerals limited

PLS chart, page-15900

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    These are LT major trend lines going back to 2020.
    Red line is major support; green major resistance; blue line is median serving as support/resistance, depending on whether SP is bullish or bearish. Anything over blue line is bullish and bellow is bearish.
    If blue line is breached one way or the other: it will almost certainly go on to test red or green trendline.
    If SP is unable to breach blue line = violent reaction in opposite direction to re-test green or red major support/resistance trendline.
    Above green line: ape bullish
    bellow red line: super bearish environment.

    We had SP come back and retest blue line - got violently rejected of it to retest green line.
    If history is anything to go by: if SP breaches green trendline: it should result in ape bullish SP move.
    If it gets rejected again = it will most certainly try to go back and retest blue and red support.


 
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PLS (ASX) Chart
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