PLS 0.94% $3.16 pilbara minerals limited

Todays SP decrease, page-30

  1. 10,513 Posts.
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    The reality is that the drill result, yes by itself doesn't produce a deposit, but 190 m estimated true thickness with 1.57 percent is extraordinary. Further, whilst that deposit is in Congo, most investors would understand that it will be sold on to the Chinese that are heavily invested in the region. there is far more investigation befor this occurs but as with any stock, investors in the space will transfer some money into other similar potential. Remember the rise of pls was phenomenal and many who missed out on this want to hedge their bets on any future story. I do not hold pls but am looking for an entry point based on ta. People are correct that fundamentally this is the best stock to be when considering near term producers. Most on Avz would appear to also hold pls. Currently all the near term producers are in downtrends/retracements but eventually they will break out. In the short term the concern is that it has broken down from a squuezedafter struggling to break higher with an increase in volume. Is this a false break or will there be confirmation next week. Some critical horizontal supports below needs to hold.
 
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Last
$3.16
Change
-0.030(0.94%)
Mkt cap ! $9.516B
Open High Low Value Volume
$3.17 $3.19 $3.06 $50.14M 15.97M

Buyers (Bids)

No. Vol. Price($)
2 49357 $3.10
 

Sellers (Offers)

Price($) Vol. No.
$3.17 74794 5
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
PLS (ASX) Chart
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