PLS 6.54% $2.86 pilbara minerals limited

PLS chart, page-22715

  1. 3,032 Posts.
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    Hi Folks

    I have been looking across the Lith sector international companies and the factual report card of the PLS quarterlies resulting in my hand drawn charts, since PLS was over $5.

    It have been keeping track across a number of Lith companies the daily chart up gaps and watching them one by one fill. I have kept a record of each one.

    Overnight ALB fell 6.63%, From my records these are the unfilled gap that have been filled since I started the process. After each gap filling I thought that it's a long way down to the next lower unfilled gap.

    126.49 - 129.03 Filled
    120.69 - 123.00 Filled
    106.33 - 113.07 Filled That last gap filled on the 14 June

    Todays close was 86.99 that's a long way down from 106.33.

    So here are the still unfilled ALB gaps.
    Small gap at 79.04- 79.06 which from 106.33 looked insane, but from 86.99 not so crazy at all.
    Big gap 68.42 - 70.51
    There are others.

    SQM , Tianqi , Ganfeng and the Lith EFT have all filled a number of gap with lower unfilled gap not far away.

    So what about PLS.
    In the rundown to 3.10 in Dec 2023 filled a number of gaps, then bounced.
    So here are a a few so far remain unfilled lower gaps.
    2.60 - 2.62
    2.09 - 2.10
    1.785 - 1.82
    There are others.

    I have already posted some analysis about my qrtly PLS SP hi-lo candles with more to follow.

    However I would not be surprised if that 2.60-2.62 gap is filled this month. Also half expecting a sizeable bounce as it's a long way down from the May 4.20's without any significant bounce. You should be able to tell when this bounce is approaching the conclusion with a number of posters on this HC sight talking about $4 and even $5. Great indicator.

    As always DYOR.

    cheers Lies
 
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