Hi , I agree with your view on people's sentiment suddenly changing and trying to manipulate others. This is a common approach on these forums, not specifically on PLS threads.
As this is a 'Chart Thread', I'd like to share my opinion on the PLS chart with the intention of hearing others. With reference to my chart posted above, I locked in profits purely based on TA. In my eyes, RSI, MACD and the candlesticks signalled the temporary top is in (i sold 5% below the ATH and I'm not gloating). I'm sure other chartists took some off the table to stay disciplined with their trading rules.
The market is a combination of buyers and sellers, we all know this. We all know that a pullback is necessary for a healthy chart. So when we experience a pullback, people who understand how the market works should not bat an eye when posters call "$1 by end of year ..." (I'll never say never but I find this very unlikely based on the current announcements made by management).
The reason why I'm expecting $3.70 is not because I'm trying to manipulate others to sell their shares, what a piece of shit i would be lol. But based on TA, I'm expecting $3.70 because:
1. SP gapped up and i see a 15% retrace from here possible to fill the gap before the next leg-up.
2. Based on previous retracements from ATH, PLS has pulled-back 15-25%.
3. To remind people of how significant this rally is, PLS has gone up 152% in 3 months. Sure, the fundamentals support this increase, but what's a 25% retracement going to do...?
4. Bear market across the Indexes including Dow Jones and S&P 500.
5. Not to offend anyone but good ol' Warren Buffet "Be fearful when others are greedy and greedy when others are fearful".
As always, whether you're a Trader, Investor or someone who does both - Good luck to all.
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Hi , I agree with your view on people's sentiment suddenly...
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Last
$3.09 |
Change
0.065(2.15%) |
Mkt cap ! $9.316B |
Open | High | Low | Value | Volume |
$3.04 | $3.12 | $3.02 | $34.25M | 11.14M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 291813 | $3.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.09 | 382110 | 58 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 291758 | 3.080 |
53 | 537947 | 3.070 |
31 | 465348 | 3.060 |
37 | 558381 | 3.050 |
26 | 299350 | 3.040 |
Price($) | Vol. | No. |
---|---|---|
3.090 | 383301 | 60 |
3.100 | 425361 | 42 |
3.110 | 752396 | 36 |
3.120 | 723551 | 51 |
3.130 | 191029 | 16 |
Last trade - 14.48pm 12/07/2024 (20 minute delay) ? |
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PLS (ASX) Chart |