I hope you are right as I hold but the trend is still down, todays close was a new weekly closing low in this downtrend, this will take a long time to reverse. Some thought the last auction would produce a bounce, I did and I added to my holding. I reversed that holding and I am tend to agree with Lies&DamLies targets of between 1.8 and 2.20. I think we might spend 6 months in that zone before a change in direction occurs. The CPI in the US might come in as expected and produce a bounce but the medium term will see elevated inflation causing central banks to accelerate there tightening.
I am not downramping PLS as I hold. Just stating it as I see it. I also see that China is continuing lockdowns. That is not going to be good. I see a large number of stock breaking major supports, they may reverse in the short term but this will be temporary if the macro picture deteriorates more.
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Last
$3.08 |
Change
0.075(2.50%) |
Mkt cap ! $9.270B |
Open | High | Low | Value | Volume |
$3.06 | $3.11 | $3.05 | $31.25M | 10.16M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 154932 | $3.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.08 | 300674 | 58 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 110248 | 3.070 |
65 | 393016 | 3.060 |
34 | 499691 | 3.050 |
23 | 353146 | 3.040 |
22 | 344061 | 3.030 |
Price($) | Vol. | No. |
---|---|---|
3.080 | 295483 | 56 |
3.090 | 975225 | 29 |
3.100 | 696484 | 48 |
3.110 | 476071 | 45 |
3.120 | 459041 | 37 |
Last trade - 12.46pm 17/07/2024 (20 minute delay) ? |
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PLS (ASX) Chart |