PLS chart, page-20312

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Lies&damnlies

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08/01/24

17:30

Post #: 71780452
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Originally posted by Lies&damnlies: ↑

Hi Folks

Hope you enjoyed Christmas. It was pretty special for my family as it was the first time the entire family was together for Christmas for well over a decade.

I thought I would take another look at the weekly chart. We have 3-4 weeks to play out before the Dec quarterly report.

As you can see from the chart we had a downward A-wave from 5.41 to 3.10 that lasted 17 weeks a 42% drop in SP. Thar's a very long A-wave without any sign of a significant bounce.

So far the upward B-wave retracement bounce has got to the 38% FIB. I can't ignore the fact, that this B-wave could still have some life left in it, On my chart I have orange arrows and text reaching into the 38-50% FIB zone. I would rate that chance at a 1 in 3 chance.

I have purple arrows and text displaying what I would not be surprised at, if it played out that way.

This upcoming Dec quarterly report to me is very important. Not speculation, but fact.

How many DMT did PLS produce? How much DMT was shipped and at what price in $US. What is the revenue from customers in $AUD this quarter.
The $US prices have been falling dramatically Qtr by Qtr since the last Dec 2022 report ($US5,668 down to $2,240 in the last Sep report).

In light of the declining prices has PLS increased the quantity it's shipping? That must have been a tough decision as over supply could exacerbate the declining prices for Spod. The average quarterly shipped over the last year was 155K DMT.

I am not surprised that games are being played ahead of this critical report card. The creation of that daily up-gap was a beauty, buy in the opening 15 minutes to create the up-gap of 3.53-3.71 then sell in the rest of the day to get your money back and bank a profit, Money for jam.

Just the way I deal with the markets so that I am not surprised by what plays out, as always DYOR.

We shall see?

cheers Lies

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Hi Folks

Just a follow up on my weekly chart posted 27 Dec.

Since then the SP has pretty much followed the purple arrows I had propose into the leadup to the Dec quarterly report. My currently weekly charts follows the first.

On my earlier chart this current week represents the third last downward purple arrow with still 4 TD's to go in the week. We still have the unfilled gap at 3.53-3.71. In coming days the SP may bounce off the top of that gap or even partially fill and then bounce. However I expect it to fill either toward the end of this week or next week.

Just the way I read the charts so DYOR,

We shall see?

cheers Lies

PLS Price at posting: $3.80 Sentiment: None Disclosure: Held
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