I see it in a much simpler way, my friend.
I put my faith in the trading range; the unmistakable sign of the accumulation phase. As long as the share price is within it or slightly outside, it is OK. Often the share price falls below the lower border of the TR like what has happened these last few days. That is considered as "Secondary Test"; it is to see if there is still ample supply of shares around. Nothing to worry. The share price will quickly go back within the TR.
I think I am right about this new TR between 3.80-4.20. And using the old TR as a visual reference, it looks very simple at present.
If it were a piece of music, it would a minimalist one; variations of the same repeated theme:
PLS chart, page-21868
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |