My understanding is that bearish and bullish patterns are only useful at the swing highs/lows. In this case it is at a swing low so not giving me any signal. The pin bar 3 days ago at circa 3.70 was more significant but the price just went straight into a block of resistance.
RSI lagger users will see the OS and there will be a ST bounce. Whether it remains a reversal or a dead cat bounce remains to be seen.
On the EV side of things, I am reading about the potential EU EV trade sanctions on the Chinese car industry can have a negative effect on this industry since EU/US EVs' arent competitive. The slashing of discounts in Oz is a sign of things to come for the 2nd EV market.
My understanding is that bearish and bullish patterns are only...
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Last
$2.75 |
Change
-0.090(3.17%) |
Mkt cap ! $8.279B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.83 | $2.74 | $55.00M | 19.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 281921 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 221281 | 8 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |