PIO - Pioneer Resources Ltd
Lithium in WA and Ontario, Canada
Market Cap: $47.1M
Cash: Oversubscribed capital raising last month which raised $5.6M
Last price: 3.3c
It looks like the share price has completed a set of two Elliott Wave sequences of 1 and 2. Not sure if the retrace for the second set has ended yet but the hourly chart shows it may have. The next phase could be an uptrend.
The hourly chart shows a zig-zag correction followed by what resembles a wave 1. When the share price was forming the zig-zag it was travelling in a distinct channel. It has since broken up out of that pattern.
