PLS chart, page-21691

Recherche,

talking about "PLS hanging on to the uptrend ... by the skin of its pearly white teeth", I look at the last 4 red candles in the chart, and I start hearing its voice. It is the voice of a violin singing Passacaglia.

It weeps and sobs! It is beaten so hard that it is all red from the blood. But it never surrenders. It keeps on sitting up.

The last four and a half minutes, the cadenza, is its struggle to sit at $3.94 for the third time (first on 1 May and second on 16 May). So if it goes up next week, and I think it will, it is forming a triple bottom pattern.



You should listen to it:

Now, we have seen the double bottom pattern and now a probable triple bottom pattern with its bottoms are at a higher level than the former. What does it tell me?

It tells me that whether they succeed or fail to achieve their target, the appearance of those patterns in a chart indicates there is an undercurrent bullish force. They never appear in a bearish chart!! The appearance of those patterns is like the sudden splutters of a stratovolcano. It shows deep down there is a force pushing to break out. It is hard to know when exactly the big explosion will happen. It is said the day of the Lord will come like a thief, Herr Recherche.

So considering the above, I think next week the violin will sing with the orchestra in Allegro con brio, fast and with vigour. It will sound like this: