PLS 0.69% $2.90 pilbara minerals limited

PLS chart, page-23118

  1. 3,087 Posts.
    lightbulb Created with Sketch. 2206
    Hi folks

    I thought I would come up with a chart to look at what the combined orchestrate could be planning for "The Dead Cat Bounce opera" using FIB's.

    You can't have the brass section drowning out the string section or the drums butchering the piano solo. So each player in the various groups involved need to know the sequence of events to play out until eventually the fat lady begins to sing, signaling that the conclusion is coming. After that Elvis will leave the building, followed by the audience minus some money.

    You will notice on my chart the Purple(big) FIB drawn from 5.43 down to 2.31. The second Black(little weaker) FIB from 4.58 to 2.31.

    Notice on the black FIB we have already breached the 23.6% Fib bounce in a matter of days. Put on 63c from low 2.31 to peak , so far of 2.94, in just 3 days.
    So the opera began with a furious opening with a rise of 27% to catch the audiences attention.

    With the purple the 23.6% FIB at 3.05 is already near-by and looks to be easy-peasy. Seemingly too soon to conclude this performance and the audience/punters may want a refund.

    My next focus (my most likely) is on the Purple 38.2% FIB at 3.50 which happens to be in the same region as the black 50% FIB at 3.45.
    So the region 3.45 to 3.55 is my most suspected performance height and length. Which sort of matches support lines of Mar and Nov of 2023, and also Jan/Feb 2024.

    It's a logical area for the various playing groups to target in harmony and get applause from their accountants.

    Unless they are particularly greedy. My second most likely area, because these groups have been known to be greedy in the past, is the 44% FIB which is midway been the 38 and 50% FIB, which is in the 3.65-3.75 area.

    If they are feeling excessively gluttonous, my third option (an outside chance to be aware of) in the purple 50% FIB and a bit beyond area 3.90-4.05.

    Let's see what this rich, powerful and skilled orchestra have in mind for their co-ordinated performance of the DCB opera.

    Just my opinions so DYOR.

    cheers Lies


    https://hotcopper.com.au/data/attachments/6459/6459174-05e15944e357bf0d7c9cfee08342032b.jpg

    Last edited by Lies&damnlies: Today, 10:35
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
(20min delay)
Last
$2.90
Change
0.020(0.69%)
Mkt cap ! $8.732B
Open High Low Value Volume
$2.86 $2.94 $2.80 $102.1M 35.55M

Buyers (Bids)

No. Vol. Price($)
3 314863 $2.88
 

Sellers (Offers)

Price($) Vol. No.
$2.91 20820 2
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
PLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.