PLS chart, page-6863

AKE and PLS made bullish candles today. That has strengthened my belief that Wyckoff's accumulation pattern has been unfolding in both of them; after the share price went down to the bottom of the range yesterday, it went up toward the top of the range today. PLS even broke the top of its range, which I think is $2.20. But AKE still had some distance to go to reach the top of its range. So they are asynchronous, which is not good because I observe they have been synchronous for more than 30 trading days.

I hope this asynchronicity is true and not the result of an error I made in setting AKE's accumulation range ($9.50 - $10.50). If I set the range as between $9.50 and $10.15; $10.15 is the closing price on 21 June, then they look synchronous (enough). I am sure I will know next week if I have made an error.

Within Wyckoff's accumulation schematic, I think AKE and PLS are in Phase B now. And theoretically, as PLS share price has hit the upper resistance line, it will start pullingback next Monday. And if AKE starts pullingback after it hits around $10.15, then that confirms its accumulation range is between $9.50 and $10.15.