Yeah I know, its a very fair question.
imo its because the candlestick chart clearly doesn't show the bullish pennant flag that he wants us to believe is there.
The harder the throwover the more momentum there will be on the way down as everyone's stops are hunted and this freefalls to the low 4s leaving retail that bought in at $6 shellshocked and confused.
Then imo the march back upwards will continue in earnest. But only once asb83s employer has closed their shorts and goobled up as many retail shares as possible.
Rinse and repeat at the next major high.
PLS chart, page-9561
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Last
$2.58 |
Change
-0.170(6.18%) |
Mkt cap ! $7.768B | |||
| Open | High | Low | Value | Volume |
| $2.70 | $2.71 | $2.57 | $74.99M | 28.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 190462 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.59 | 6931 | 2 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |