Hi Folks
I thought I would revisit my last chart update and add in additional FIB information concerning each Distgap1-2-3.
What I found was surprising.
Distgap1 (purple) at the week 17 Jan peaked at 1.465 using FIB's 0.125 - 1.465 , next retraced 44% down to 0.86 , notice that the next rise to Distgap2 peaking at 2.43 was over a 61.6% extention on the FIB's 0.125 - 1.465. Remarkable.
Distgap2 (red) at the week 8 AUG peaked at 2.46 using FIB's 0.86 - 2.46 we retraced 40% down to 1.78, then notice that the next rise to Distgap3 peaking at 3.81 that was an 78.6% extention using the FIB's 0.86 - 2.46 , again remarkable.
Is it a coincidence that both Distgap 1 and 2 retraced 40% then had an extention to over 61.6%.
Distgap3 (green) at week the week 9 Jan peaked at 3.81 using FIB's 1.78 - 3.81 we have so far had a 40% retrace down to 3.04 maybe in the coming weeks it may go lower especially if the US markets have a weak Feb . That gap at 2.98 - 3.30 may indeed be filled. Who knows?
In my second chart I show the FIB 1.78 - 3.81 extensions that may be possible to reach Distgap4 and a repeat f a 61.6% extention get us to 5.10.
That could be possible because of a series of successful BMX auctions.
You have to admit that chart is surprising.
Just the way I deal with the charts so that I am not surprised by what plays out , As always DYOR
cheers Lies
- Forums
- ASX - By Stock
- PLS
- PLS chart
PLS chart, page-5022
-
-
- There are more pages in this discussion • 17,912 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.97 |
Change
0.060(2.06%) |
Mkt cap ! $8.942B |
Open | High | Low | Value | Volume |
$2.96 | $3.02 | $2.93 | $100.8M | 33.97M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 716181 | $2.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.98 | 235000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 716181 | 2.970 |
17 | 980156 | 2.960 |
6 | 981379 | 2.950 |
12 | 664803 | 2.940 |
9 | 184129 | 2.930 |
Price($) | Vol. | No. |
---|---|---|
2.980 | 235000 | 1 |
2.990 | 457316 | 4 |
3.000 | 118406 | 13 |
3.010 | 116981 | 9 |
3.020 | 1778932 | 26 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online