PLS chart, page-22744

It's been a long long time since I posted a chart. Thread has been hijacked.

Range bound 280-310 for the last month.

Daily average (50) volume has been increasing. This 50 day average covers the period from just before the plunge through the 200 SMA back in late May. Capitulation and accumulation? We know Insto shareholders have increased and retail decreased.

8/21 (Orange/Blue)SMA close to a x. 50 SMA at 326. 200 SMA at 366.

Gaps. 340.5-341 and 352-366.5, which if closed will test the 200 SMA.

Below the current range. Obvious round number points at 250 and 200.

Today, they have clamped it from breaking the upper boundary of range it appears. Thou shall not go beyond 310.

The VWAP today is a smidge under 306. We'll see what the big boys want to do in the last couple of hours but I suggest a settle around 306 is on the cards.

With the price of spod not helping, it appears the hint of TO rumors and RIO sniffing, would be the only trigger for a gap close and test of the 200 SMA. Either way, the damage to this chart will take a considerable period of time to heal.

Hang in there 28%er crowd. I'm sure those instos will want to make money going up at some stage.