We have broken through major resistance points but I would say this one is most critical it puts this stock into a different range. My next target for this stock is just over a dollar if we break over 0.86
Since Nov 2019, it has hit the $0.39c - $0.42c zone & failed to breakout. Will the latest effort succeed ?
- inverted H&S - golden cross on weekly - break of long-term down trend (or about to) - SP retests strong R @0.385 TP target 0.585 - SL @0.3 - R/R 2
Cup and handle .. break out has just started .. target and resistance shown.. this is a way undervalued stock .. with significant contracts an excellent future projections
I'm really interested to see how this will play out, a close on the weekly above the neckline will trigger entry. I would still want to see OBV rising.
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...
I am seeing a potential cup and handle for PLS stock. Let's see this grow.
Overall market condition dependent, this should restest 4oc resistance and who knows if it can crack higher from there. Medium term play at this stage. With all the spruik around TSLA and the new push for EV its hard to tell if lithium is setting up for a new bull or this was just a short squeeze. I liked the finish on volume on Friday. Seemed to me like...
price has made a higher swing low with buyers making an outside day, high probability for continuation to upside
After identifying an early break of bearish trend last week, I decided to give Pilbara Minerals Ltd (ASX:PLS) a week to see how it would perform. And what a strong week it was! Finishing #3 (+9.7%) out of the Top200 (imgur.com) was a strong statement from the bulls. PLS has been on a long, slow bleed since December '17 but it's now looking more attractive to...
Buyers have come into market to make a breakout from upper trend line of a large wedge pattern
Looks to have bottomed out let's see if we can start moving up.
Pilbara ASX:PLS has corrected nearly 85% from all time highs since Dec/Jan18. Now it is sitting at the Fib 0.854 @ $0.485. How much more will it continue to be shorted? PLS is one of the most heavily shorted stock on the ASX by the way. The previous bull flag took 69 weeks to complete. Although there might be no correlation but price-action is printing a...
Looking for a bounce off the 314 moving average with some bullish evidence, Also just below the 314 is a prior consolidation range.. it is also the bottom of the downward trend channel.. I will be keeping an eye out during august for some decent price action. If trade plays out a ride back to the 200MA and top of the channel will be a nice target. :)