That is how I apply Wyckoff Accumulation Schematic on PLS. It is currently in Phase B. And if it tracks the schematic, it will be oscillating within the trading range for a while before it breaks out.
Today PLS got a very narrow spread candle with a high volume. That indicates that the strong buying pressure couldn't overcome the relentness selling. The long upper shadow of the candle also shows rejection of the higher price. So it is bearish. The sp will most likely go down to close the gap tomorrow.
PLS chart, page-18771
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Last
$2.88 |
Change
-0.025(0.86%) |
Mkt cap ! $8.671B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.90 | $2.84 | $23.08M | 8.055M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 80683 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 207455 | 41 |
View Market Depth
| Last trade - 11.26am 19/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |