PLS has been very strong keep going up after big drops, 5/10/20/60 MAs are Lining up below.
The trend is very strong like a Rocket. There are many investors who seeing the future of Lithium industry.
if you want to make good money, Come and join this ride on this amazing rocket!
Happy trading.^.^
Welcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at ASX:PLS ...
I believe this code is at a point of potential volatility.
If price can hold below $4.02 ... Bearish potential may be unlocked.
My key downside targets include:
- $3.50 (Conservative)
- $2.62 (Medium)
- $1.90 (Aggressive)
...
PLS: Australian Lithium.
Let me remind you that Australia is the leading producer of Lithium in the world (50% of global extraction).
This “white gold” is mainly used in the manufacture of batteries for smartphones and electric vehicles (TESLA, Mercedes, etc.).
LAC lithium prices are currently very low! This is therefore a strong buying opportunity.
A head and shoulders pattern has formed between 24/07/2023 to 28/08/2023.
With a close above $4.44 on 28/08; we can expect some relief trading in the morning of 29/08/2023 to a potential $4.70 (where the second shoulder started to form) before trading to the downside in anticipation of ex-dividend on 05/09. Data update from T-4 settle of short selling will...
Pilbara is an energy and mining company. In technical analysis, it can be observed that the trend within the chart is a bullish trend with reasonable corrections. Currently, it has formed a falling wedges pattern on the D1 timeframe and has confirmed the formation of a swing higher high. To enter the stock with a calculated risk, we can consider entering the range...
The C wave from March 2023 demonstrates bearish movement from falling lithium spot prices and a bearish macro environment. The C wave movement has turned this from a running flat to an expanding flat . Interesting to watch market psychology is at play here as participants sold PLS down despite a 1.2 billion in profit and a maiden 11c dividend paid out. Prices...
We are below the vwap so in a downtrend. However if we have the support line broken by a large red candle and followed by a red volume we would have a high probability of having a continuation of the downtrend. On the other hand, if we have the break of the vwap indicator and the break also of the resistance line by a large green candle and followed by a large...
As you see on the chart we have the breakout with force the vwap indicator and the resistance line by a big green candle with a large green volume so it's mean that we will have a big probability of an uptrend. Thanks.
$PLS has recently broken some key supports and further downfall looks likely. 8EMA and 20SMA crossed over and now we're seeing it test the 20SMA and fail (bearish). RSI continues to deteriorate, I think we will hit oversold around $4. If it can't establish support, $3.50 could be likely as well.
Reactionary B-wave may bring it up +50c but ultimately its pointing down after the short term upward swing. To complete the C-wave around 4.00-3.50 longer term.
Pilbara Minerals is the world's largest independent hard-rock lithium operation and the leading ASX-listed pure-play lithium company. Their Pilgangoora Project, located in Western Australia's resource-rich Pilbara region, produces spodumene and tantalite concentrate and its significant scale and quality have drawn a consortium of high-quality global partners,...
One of the best performing lithium stock of recent times. It has hit ATH of the market price and ready to go for correction for some time.
What goes up must come down sooner or later🤞
ENTRY: 3.27
SL: 2.98
TP1: 3.53
TP2: 3.71
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakout on 11 Aug 2022 and retraced to resistance-turned-support (3.04) before rebounding off with bullish engulfing candle yesterday.
- Entry today based on breakout and >3% rebound off 10EMA with volume .
