Hi Folks Just a quick update on my previous PLS chart posts.Last...

Hi Folks

Just a quick update on my previous PLS chart posts.

Last week after seeing 6 green candles in a row I was calling for some red candles which we got with a pull back from recent high of 3.32 back to 3.17. A very weak retrace

Today we easily surged past 3.32. So far a top today of 3.47.

It looks like next target is in the 3.50s or even into the 3.60s, before another profit taking event. Notice that the 10WMA is beginning to flatten.

So things seem to be setting up nicely for the eventual target of 3.89 which will form the right lip of a cup and handle chart pattern which began in the week 16 Jan. Then we will need a handle retracement to set up the breakout above the right Lip. When that happens we will be setting up for the Distgap4 (I will update my distgap charts)

Just the way I deal with the markets so that I am not surprised by what plays out. As always DYOR.

cheers Lies