I think the old saying ‘sell in May and go away (for the summer holidays)’ which is a US saying is on the money this year. For Battery and critical minerals it was sell on the 4th of April and go away.
But I think the biggest factor here is the market is going to keep sliding until inflation settles down and interest rates stop rising. At that point central banks have probably gone to far and a recession will be looming and therefore rate cuts on the horizon. Once that happens we can probably see a significant trend reversal. Until then not many sectors or stock will be amune.
PLS chart, page-6625
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Last
$2.84 |
Change
0.045(1.61%) |
Mkt cap ! $8.352B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.84 | $2.77 | $24.57M | 8.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 228071 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 514930 | 37 |
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| Last trade - 12.25pm 31/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |