On a charting and TA thread you can and have to. Throw your financial report straight in the bin. Only folk interested in that is those looking for divies.
Below is the all important weekly chart for the looongs. Currently it's working hard on printing a bottoming pattern but still has some work to do to convince big capital. This week was the first time it's closed above the 8ema since early January but we need to see a close above the bollie median to be taken seriously and hit many radars IMO. MACD supports this.
And back to where the real action is on the daily, it's awesome that PLS is printing decent signals again and backing up entries and exits. Now normally when it gets wicky up top like the last two sessions, it indicates that supply is overtaking demand therefore it's a sell signal. But this time off year you need to weigh it up against EOFY shenanigans. So it was a hold for me and expect to have a strong Monday. Lets tag the upper bollie and get out of here.
Cheers
PLS Price at posting:
$1.38 Sentiment: None Disclosure: Not Held
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