Hi folks
Thought it was about time to re look at the PLS chart.
My previous post about the possible small cup and handle chart was proven wrong as the handle reached too low,
However I have gone back to my weekly charts.
Things to notice are
* Historically the latest Bullish signal whereby the weekly Hi-lo candle trades entirely above the 10WMA as at 18 Oct 2020 closing at 0.349 which I consider a bullish signal.
* we have traded for 55 weeks without a bearish signal whereby the weekly Hi-lo candles trade entirely below the 10WMA. The weekly hi-lo candles have crossed the 10WMA a number of time but not entirely below it. The last weeks close was at 2.14.
* First bullish signal closed at 0.349 latest close 2.14.
* That begs the question of how long can this run? Well for me I am waiting for the first bearish signal which need to me confirmed the following week.
Just the way I deal with the markets so that I am not surprised by what plays out. As always DYOR.
cheers Lies
PLS chart, page-2915
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Last
$2.98 |
Change
0.110(3.83%) |
Mkt cap ! $8.969B | |||
| Open | High | Low | Value | Volume |
| $2.99 | $3.10 | $2.95 | $98.90M | 32.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16986 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 175531 | 5 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |