PLS chart, page-5595

Hi Folks

Just following up on the PLS chart post.

I normally don't pay much attention to the daily chart, however something unusual is happening.

We have seen 7 daily rises since the 16 Mar with no retracements.


I am not fond of that pattern. It needs to be stair stepping on the way up to allow for profit takes and weak holders. So that some slight retracement needs to happen in the short term only in my opinion

So at this time with PLS I am looking for a retracement from the range from a recent peak of 3.24 -3.30 to retrace back to a range of 2.98 to 3.08

I like shares that stair step. Timing is very unsure. Much is rely's on the next BMX auction. I have no crystalbal

These are just my opinions as to read the markets so that I am not surprised by what playes out . As Always DYOR

Cheers Lies