pls price expectations December 22, page-33

Hi, I have revisited the weekly chart, and looked at the run from 135 cents to 3.89 ATH.
I focused on FIB retrace 61.8% is: 2.4575.
To my knowledge, to call a confirmed downtrend, the SP have to reach to 38.2% and below, means 1.5725.
What PLS has done in the past 4-6 weeks was retrace back to 61.8%, then finished last week at 2.910, which is typically ready for next run, and we saw the 61.8% was well supported.
Also, combining the fundamental of PLS, several posters have done great evaluation, and personally I think the range is between:
2.54 to 4.70.
With Energy transforming from fossil to renewable, market is likely to take a higher PE (3.89 could be considered as overvalued by that time), which means the fundamental support the SP sits above 3 AUD, anything around or below 2.54 would be a buying opportunity.
Of course, predicting the SP is only a game, so people shall do their own research. And this is my 2 cents.