Got in around $2.30 and top up around $3. With the spike from today, sold off all my holding for a tidy profit.
It's not hard to tell that buyers exhaustion is coming. RSI and MACD are both showing overbought territory.
And as always, any spike like this (remind me of parabolic curve) will always come down with a retrace - and it will be quite volatile IMO.
We'll retest the $3.90 mark with a false break to $3.70 before resuming the next leg up.
When you're greedy thinking it will go further, it is actually time to sell, we can't always sell at the top but taking a risk approach to trim down when you're on fat profit won't make you broke.
Enjoy the ride whilst everyone is pumping up this stock. Others will follow the same retrace, and most Li stocks are sitting on 20% plus profit over the past few trading days (or over 80% if you count from the bottom from last few weeks). Had all my super in Li stocks over the past few weeks, and sold all of LTR, LKE, CXO, VUL, SYA and AKE today.
I still believe in PLS but think it's time to take some profit off the table. Haven't had such a good run for a while for an ASX100 company.
Can't complain for this great leg up, and GLTAH.
Got in around $2.30 and top up around $3. With the spike from...
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Last
$3.00 |
Change
-0.050(1.64%) |
Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |