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PLS chart, page-8862

  1. 3,532 Posts.
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    Of course, it isn't actually a double top as the high for today is higher than the previous peak, so they'd be wrong about that.

    Just to put this in perspective the range for today was meant to be 511 - 551, so while ever it is over 511it is still in the short term rising channel, and the longer term channel was 463 - 487, so whilever it is over 463 it is still in the longer term rising channel. It would be expected to test the bounds of this outer channel at some point.

    Lastly at 566 it was some 9.74% above the 7 day EMA, so a pull back towards the 7 day EMA over one to 3 days is to be expected. The retrace seems to be triggered between 8 and 11% above the 7 day EMA.
 
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