PLS is off its low ... and a BUY
The daily chart has an ascending triangle which hatched a price-volume breakout yesterday on the POSCO news.
The good thing about this POSCO news is that it confirms PLS as one of the front runners with an OFFTAKE deal. When Morgan Stanley wants to scare the market, it's the tiddlers that get hurt, not the front runners. Good FA for PLS.
On the daily below, 88c was the flat top platform.
Today, after the lemmings spiked down to 87c on open, subsequently 87.5 got tested ... and tested ... 9 times on the 10-minute chart over lunch.
Now it's 90.5 and rising ... I'm in on the bounce at 89.
A flat top normally holds after a breakout so the 87 print probe surprised a little ... but there are BOTS in the game and like our gender rules, everything is under review now.
The weekly is very textbook for PLS ... it has price-time squares everywhere in its history and this last low is one of them. All previous examples I've scoped have delivered the required distinct trend changes.
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PLS is off its low ... and a BUY The daily chart has an...
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