we had an abc correction followed by a W double bottom pattern which suggests accumulation after the abc correction phase.
The technical target for the W was the length of the W from top to bottom which was around $3.77.
It looks like we hit that target dead on and now having a short term pull back.
Zoom out and this could possibly be another impulsive Elliot wave.
It is a bit to early to tell but could very well be wave 2 correction if we get wind of another bmx auction of posco jv update with in the next week that could be the catalyst to send us into wave 3.
I've got a current price target of $6.10 and Fundamentally with the price of spodumene at the moment this will support a valuation of around 18 billion mc imo.
Gltah cheers
[ATTACH]we had an abc correction followed by a W double bottom...
-
- There are more pages in this discussion • 16,395 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.11 |
Change
-0.090(2.81%) |
Mkt cap ! $9.360B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.06 | $206.5M | 66.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 212414 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 1870994 | 18 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |