PLS 0.87% $2.86 pilbara minerals limited

It's obvious the share price wants to go lower. You guys can cry...

  1. 5,933 Posts.
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    It's obvious the share price wants to go lower. You guys can cry foul about manipulation, etc, but you need to listen to what the market is telling you rather than fight it. If it closes below $1.95, I'm going to short the heck out of this as support will clearly have been broken. Share price tops on good news and bottoms on bad news. The $2.5k for spod news looks like a topping event. If they can't achieve that price at the next BMX, which they will be hard pressed to do, that will be inferred by the market that spod pricing has topped out, and the share price will continue to tank.

    The only thing in its favour at the moment is 4m buyers vs 14m sellers. When it's that lopsided, it usually indicates a change is about to occur. When PLS was at $2.50+, it was the reverse.
 
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$2.86
Change
-0.025(0.87%)
Mkt cap ! $8.762B
Open High Low Value Volume
$2.86 $2.94 $2.80 $53.19M 18.55M

Buyers (Bids)

No. Vol. Price($)
80 125225 $2.85
 

Sellers (Offers)

Price($) Vol. No.
$2.86 95628 58
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Last trade - 13.36pm 13/09/2024 (20 minute delay) ?
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