I am intrigued with this thread reading the chartists dialogue and strategies - it certainly is an art form. I am inclined to agree that it's based on previous history and tries to define trends that may or may not recurr. Knowing how erratic and unpredictable the market is, I do wonder how effective the charts are - you just look at the total erratic and unpredictable bahaviour of the PLS sp where there seems to be incessant manipulation which I doubt a chart can predict - too involved for me I'm afraid. I'll stick to gut feel.
PLS chart, page-9345
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Last
$3.02 |
Change
0.080(2.72%) |
Mkt cap ! $9.090B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.04 | $2.96 | $59.25M | 19.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 40915 | $3.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.02 | 318781 | 14 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |