Played out surprisingly well according to my insights for a double bottom attempt. $4.28 was the limit to the DCB so I was admittedly nervous when it rallied to $4.36 on open but nice to see a strong rejection and another rejection at $4.20.
I have cleaned and revamped my chart to include a parallel descending channel. As mentioned above we have a new lower higher and potentially a new lower low on Monday depending on the US session in an hour. The three boxes (looks like the Italian flag) represent the potential price action.
With the last two days with the spread being so compact and margins slim. I would expect another sideways and locked session on Monday. I would also expect the market to react to LTR and AKE pending news regarding M&As.
This are general views for discussion and is not intended to be advice.
PLS chart, page-18583
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Last
$3.00 |
Change
-0.020(0.66%) |
Mkt cap ! $9.030B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.04 | $2.98 | $40.14M | 13.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 110363 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 14732 | 4 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |