PLS chart, page-8798

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basiac

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38

21/10/22

15:04

Post #: 64323826
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Originally posted by Darkstone ↑

Probably time to start thinking about Monday now. Looking at the chart I see that the pennant breaks upwards at 516, so anything over that today gives us a significant upside over multiple days/weeks, but we are working on the theory that we are in subwave 3 anyway so the upside is theoretically around 638 at least regardless. The short term trend channel gives a channel range of 499 - 537 (subject to any input from the US lead basket overnight), and the very short range trend gives a floor of 503 so I'd guess a practical range of 503 to 537. The outer channel is 461 to 585 Monday. 5 minute buy signal is still active (but that may change this afternoon) and anything over 499 keeps it above the 7 day EMA. RSI is sitting about 58%, so plenty of room for expansion. All up it is looking to continue the rising trend Monday, although it could be "down" on the day and still be rising over multiple days. If it gets to 524-528 it will probably come down on Monday, but still deliver a higher low, if it closes around here it could go either way, if it comes back a bit for the close, but stays above 500, we'd expect it to be rising on Monday, but remember if it closes above 516 it would have broken the pennant upwards and that could see it breaking the channel on Monday.

I have adjusted the ray markers for Monday.

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Hi Darkstone, still little bit unclear on the wave 3, can you please give me the range start1 start2 start3...

Thanks

PLS Price at posting: $5.03 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last $2.92		Change -0.060(2.01%)		Mkt cap ! $8.789B

Open	High	Low	Value	Volume
$3.00	$3.01	$2.91	$68.57M	23.32M

Buyers (Bids)

No.	Vol.	Price($)
7	33426	$2.92

Sellers (Offers)

Price($)	Vol.	No.
$2.93	27520	3

View Market Depth

No.	Vol.	Price($)
7	33426	2.920
33	390908	2.910
53	1097183	2.900
13	92815	2.890
23	301825	2.880

Price($)	Vol.	No.
2.930	27520	3
2.940	318826	17
2.950	271386	6
2.960	36638	6
2.970	125661	8

Last trade - 16.10pm 29/07/2024 (20 minute delay)

PLS (ASX) Chart

PLS chart, page-8798

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PLS chart, page-8798

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