PLS 5.69% $3.16 pilbara minerals limited

PLS chart, page-9809

  1. 3,066 Posts.
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    Good Afternoon

    I have the utmost respect for the Darkstone / Hoots charting skills.

    In an act of impulsive insanity I increased my PLS holding by 25% yesterday and again today

    Reasons :-
    1. Confirmation of Dividend Flows
    2. Cash Earnings Banked and in Prospect post latest BMX and anticipated Supply Deficits
    3. Astute Management with capacity to surprise and delight (personal opinion - DYOR)
    4. I still believe in Santa at the ASX

    If I have to sail southwards with a downward drop of 50c a share so be it.

    The future might double or treble that in a quick rebound.
    Again DYOR .... My Winsome 30% today might help me to top up with more PLS if PLS drops
    My chart shows the slow EMA is still intact ... triple downward cross awaited with gritted teeth !!

    Call me foolish if you wish ... I know it already
    I see a price drop as a bonus opportunity !!

    Best Wishes, Recherche














    https://hotcopper.com.au/data/attachments/4845/4845235-f6cfadcfe00cef55b11062ac51b64baf.jpg
 
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