Hi Folks
Just a quick look at the daily charts for PLS.
Just like ALB it seems to be playing around with a waterline for a protracted period. The ALB chart follows.
The PLS 3.42 waterline first started in Nov 2023 , Since then it has multiple splashes a couple of dives and dips but returning to the surface.
With the FIB I have drawn on the chart another splash between the 23.6-38.6% extention FIB wouldn't be a surprise. Even possible around that March quarterly report.
Something I found interesting is that both ALB and PLS started their current waterline about the same time, November. With each having multiple splashes and dives over the 4 month period.
I wonder if ALB finally leaks downward whether PLS will follow. That's just speculation, so DYOR.
Over the years I have found multiple stocks with a series of descending waterlines. When the leaks happen they are fairly obvious as opposed to a dip of dive which sees the SP return above the waterline within a week. After a leak down to the new lower waterline there is almost invariably a bounce up the the old previous waterline. That happened in both.
Of course if the Lith market turns upward no further leak downwards. will appear.
cheers Lies
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Open | High | Low | Value | Volume |
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4 | 23697 | 2.970 |
4 | 2326 | 2.960 |
4 | 16176 | 2.950 |
4 | 26405 | 2.940 |
Price($) | Vol. | No. |
---|---|---|
3.000 | 33244 | 8 |
3.010 | 24535 | 9 |
3.020 | 32584 | 9 |
3.030 | 72673 | 8 |
3.040 | 80177 | 10 |
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