Wiz_of_Oz

Pilbara Minerals - A previous darling of the market

Long
ASX:PLS   PILBARA MINERALS LIMITED
The stock was a previous darling of the markets. I called a bearish LT trend on Hot Copper when the price was $0.97c. Expecting a price of around $0.35c got me viciously trolled..that was enough for me to quit Hot Copper permanently. This is now forming an inverted H&S pattern. The price is approaching the neckline zone & it is worth adding to the watch list for future price action may provide a trade. If it breaks & retests the break successfully, the target price is indicative.

Comments

are you looking for a retest on a daily or intra-day basis for a buy signal?
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Wiz_of_Oz Ravi2409
@Ravi2409, My preference is retest on the daily. Signals generated on longer time frames are more reliable
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Hi there, could you provide a entry update and stop loss level when you execute your trade? Thanks!
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Wiz_of_Oz TuaoXiaoLongxia
@TuaoXiaoLongxia, I am propagating ideas for the benefit of the trading community. The entry, quantity & risk/reward ratio should be based on your trading strategy & finances.
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@Wiz_of_Oz, Gotcha. Thanks for you idea.
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