Fair to say D day is close - will it break above or fold
As per my previous post I am hopefully that this will continue to run however the constant lower highs and lower lows has me thinking this is heading back to $4.20 ( dont shoot me )
The increased shorts as well does not look good either.
5 attempts to break the uptrend as outlined below and what appears to be a retest of the first upward trend line has me cautious.
in addition the upward wedge has been broken twice.
The trade in my opinion is a short with a tight stop just above $5.20
Risk v reward its the trade in my opinion
PLS chart, page-16171
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Last
$2.92 |
Change
-0.075(2.51%) |
Mkt cap ! $8.819B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.97 | $2.90 | $19.83M | 6.775M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 298453 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 161670 | 27 |
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| Last trade - 12.56pm 22/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |