LT chart, still a week to go before the monthly closes. Quite a few rallies being used as exit opportunities through eyeball.
On the weekly that 32C has confluence with the rising trendline. Always difficult to gauge a trend reversal from that Jan18 peak. There have been at least 3 bear rallies:
Feb-July 2018
Dec18-March19
Dec19-Jan20
The risk is that if horizontal support 32C should break, the trendline will come into play. If the latter should also break then 25C is the next horizontal; level.
Anyone using the moving averages or RSI will be aware that price is trading on the "right" side of the those measure. Over at ORE which I also use to gauge consensus sentiment together with GXY, both are not so rosy wiht ORE breaking support this week while GXY is testing its support.
Always difficult to gauge a recovering trend reversal or picking bottoms. Good luck
PLS chart, page-332
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Last
$3.09 |
Change
-0.060(1.90%) |
Mkt cap ! $9.450B | |||
| Open | High | Low | Value | Volume |
| $3.11 | $3.17 | $3.07 | $51.36M | 16.45M |
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| No. | Vol. | Price($) |
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| 92 | 566724 | $3.08 |
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|---|---|---|
| $3.09 | 200553 | 60 |
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| PLS (ASX) Chart |