The Australian market 'normally' gets a bit of a squirt into July, then a fairly harsh pullback into Aug/Sept/Oct, so a pivot into November makes good sense.
Plus analyst's "maybe" interest rate drop in Oct/November as well, could mean we see a turn into strength around this period.
If Li prices too moves ahead , then there is even more impetus to see more demand for the register.
As brokers and fundies like to push shares into the Xmas period in order to pump up their profits into performance bonus season, as we might see a fairly reasonable push.
I personally have high 2's as a base but am not really phased at what price we see as the bottom, but the lower the SP does go, the more we need to buy, as it will be unlikely we see another retracement to these levels again... ( for a long time at least)
The Australian market 'normally' gets a bit of a squirt into...
-
- There are more pages in this discussion • 195 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.80 |
Change
-0.030(1.06%) |
Mkt cap ! $8.429B | |||
| Open | High | Low | Value | Volume |
| $2.81 | $2.89 | $2.79 | $52.63M | 18.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 263602 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.82 | 8000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |