PLS chart, page-5351

I think in the current climate it all comes down to each individuals risk profile. Age, Obligations etc etc all impact each strategy.

I'm actually quite bullish now. A lot was thrown at the SP last week and as can be seen from the numbers below we are inline with some historical retrace numbers.

Yes Ukraine Geo political issues are not going to go away quickly. My biggest worry apart from the poor people in the conflict is a European Recession brought on by high energy costs. Saying that Putin's timing could have been worse. Start this end November last year at the start of Winter would have been more painful.

Historical data below.



PLS loves its .5 and .618 fib retraces.

Like I say I am quite bullish, backed up by guidance revenue and likely cash flow. A companies valuation ultimately will come back to its financials IMO.

We have more macro issues coming up in March (US CPI/Fed meet), then we have our March quarterly out end April. I think the ATH valuation at $3.89 is now justifiable, and should go higher.

So I would certainly like to see it in the low $4.00 by early May.

The below chart is a very rough path to get there, Very early days and we need to get further trend change confirmation, so higher highs and higher lows over the coming 2 weeks pre fed meeting.

This is just me trying to forward think a bit were we are at. Thats around a 60% rise from this week low. Well within historical data.

Backed ups by record Spodumene pricing. ($3700T USD = Ngungaju money printing press)

I think on the guidance front they are likely going more conservative, as no one likes to miss guidance, better to beat.

Not Financial Advice

DYOR

GLTAH