PLS chart, page-21076

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windrider323

488 Posts.

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29/03/24

12:52

Post #: 73117406
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Originally posted by Lies&damnlies: ↑

Hi Folks

Sometimes in charting you have to step back to see the obvious.

The LIT eft is littered which companies whose main function is not to do with mining, processing and battery making. Companies like Naura, TDK, Panasonic, Samsung, BYD and Tesla.

In looking at PLS remove these from my analysis.

I again looked at ALB the biggest in the LIT eft. I am looking for a trend change in the miners, processors and battery makers.
The 40WMA is a great trend indicator. ALB pays 3 monthly div's so it easy to focus backwards 1 year at 6 monthly periods.
In the first half of the year the 40WMA declined 14%. In the second 6 months of the year this rate of decline increased to 27%.
So recently it's been declining at a rate of 4.5% a month. Only once did the SP rise high enough to touch the 40WMA (circled)

To slow the rate of decline down the SP must firstly touch the 40WMA. To flatten out the line the SP will have to trade well above the 40WMA for a protracted period.

Everywhere I see analysis about the forthcoming trend change, but there is very little reflected in the charts.

This is not isolated to ALB, SQM , Tianqi, and Ganfeng look the same. I have also posted their charts

I have also included a PLS chart on the same basis It doesn't match the trends shown by the others 40WMA rising 10% in the first 6 months and then falling 6% for the last 6 months.

Curious?

cheers Lies

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Lies
It's not really curious at all to be honest mate.

Taking the charts in isolation is only looking at a part of the equation.

Over this period PLS has:
grown production tonnage
reduced tonnage cost
commissioned first train of of a downstream JV
progressed a game changing product density project with calix
announced another JV
confirmed 2x continued offtake agreements
made a profit through a massive downturn
holds significant cash reserves- enabling takeover/expansion at will
continues to be well managed.

So if you wonder why PLS value has departed from industry peers - refer to above.

Last edited by windrider323: 29/03/24

PLS Price at posting: $3.83 Sentiment: Hold Disclosure: Held
55 Upvote

10 Great analysis

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