Just be wary that ASX:PLS might fall to the bottom of the channel. Thick bearish clouds ahead and RSI has more lows to go.
Chart has notes Target $1.08 FD holding from $0.82
D1 + 4hr Bear OB + .705 OTE Resistance confluence. Paint the swing high then run the liquidity.
ASX:PLS We are pounding on the support line $0.865 the third time. I am not confident that this support will hold, look for support around $0.81. The TK cross last week above the clouds was a sign of an incoming bearish signal albeit a weak one. Yet the prices continue to fall and refused to close above the clouds for 2 consecutive days already. I believe that...
It seems like bulls have refused to push above and beyond 0.95. Bears are winning for now. The coming week, I expect a pullback to the 55 EMA highlighted in grey box. If hell breaks lose, we will go down to the 100 day EMA also highlighted in grey box. My weekly indicators are bearish and unless we break above 0.95, my bearish outlook remains. Chart will be...
The volume on Pilbara is declining. That can mean 2 things. Investors are holding it and waiting for a good sell entry, or when volume comes in, weak hands will be shaken off. I am still hopeful for PLS to test the upper channel of the ascending triangle and hoping for a miracle to break upwards. But left side of the chart shows that an ascending triangle can...
Prices of PLS is now residing in the cloud. Last week 1D close has formed an ascending triangle. If prices do not fall under the cloud, we should see PLS testing the top of the ascending triangle at $0.95 and hopefully, a breakout to $1.00 this week.
$PLS Pilbara seems to be on the Elliot Wave 5 path now. Anyhow, in Ichimoku terms, 1. TK cross bullish 2. Chikun above price - Bullish 3. Break above clouds 4. Target: $1.00 5. SL @ $0.91
PLS long from range low. Looking for 0.58 against DC below 0.40
Possible bottom in place for PLS. T1 - 0.48 ; T2 - 0.52 ; T3 - 0.60 ; SL 0:41