Hi Saragian
I agree with you about a short bounce. One was definitely due after a long long series of red candles on the daily charts. 3.10 was the most obvious support waterline. talk of double bottoms should surface soon.
The Fibs suggest at least a 23% bound to around 3.40 and maybe even up into the range of the 38% Fib at 3.60.
However, I don’t believe in a long rally as the end of FY tax related trading is looming soon.
So a bounce into the end of this week wouldn’t be a surprise at all, as a B-wave bounce. Then next weeks trading will play out, which should not be dull.
As always DYOR.
cheers Lies
PLS chart, page-22095
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |