Highlights
Regular deep pullbacks and recover to ATH
Consistency in number of days to reclaim ATH and extension to new ATH.
Broken downward trend line. Under the support of lower pivot trend line. Also broken last resistance derived from double hidden divergence.
Lastly, clear double bottom and broken neck line.
Strong stock
Waiting for a pullback
Volume is dropping off while price is rising
RSI has fallen back below the RSI downtrend
Perhaps the gap at $3 will be closed.
Definitely buy if it hits the RSI uptrend
Text me if you have any questions/comments for me.
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PLS
- Previous analysis was done on 20 Sep (red arrow) - Suggested waiting for a series of Higher Highs and Higher Lows
- Since then, the stock dropped below the mid-term support and have had a V-shape recovery
- A retracement to test the short-term support and a successful rebound will be good for the...
Text me if you have any questions/comments for me.
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PLS
- Previous analysis was done on 14 Sep - Suggested half entry at 2.25 levels or wait for more confirmation of uptrend
- The next day, stock gapped up to create new all-time high and there were no entry opportunities
- Stock has retraced back to the 2.00-2.05 support zone -> shows a lot of...
PLS
- Previous analysis was done on 13 Sep - Suggested using breakout strategies to plot entry
- Today’s price action is again accompanied by above average volume
- Strong support zone seen at 2.00-2.05 levels
- Due to poor setup, suggest to either plot half position entry at current levels or to wait for formation of Higher Highs (HHs) and Higher Lows (HLs)
- R...
PLS
- Previous analysis was done on 9 Sep - Suggested waiting for a strong trend reversal
- Today’s price action is accompanied by above average volume
- Stock is again testing the counter-trendline (red dotted line)
- A break of the $2 psychological support might see the stock test the mid-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest...
PLS
- First time doing a written analysis on PLS
- Stock has some history of uptrend but aren’t long enough (ie. less than 3 months) to my liking
- Price retracement in mid-August is quite a big drop (ie. About 20%) but mostly due to the strong price increases before that
- Price respects the short-term average -> very good
- Price recently formed a Lower High...
If you're active in the Aussie market, then it may be worth considering this name over the next few weeks.
Tight consolidation, but big green bars near resistance will add conviction.
Trade Levels:
Initial Accumulation (Moderate): A$1.17-A$1.22 then increase above A$1.25 or break of trend line, which ever comes first.
Stop-loss: A$1.10
Target Range: A$1.42-A$1.54
ENTRY: 1.16
SL: 1.015
TP: 1.465
- ADX<25. Would like to be higher.
- RSI>60.
- RS and FFI +ve
- Daily MACD +ve. Weekly MACD -ve so trade with caution.
- MAs aligned. 10MA cutting above 40MA.
- Breakout with good volume.
ASX:PLS
Pilbara Minerals is positioned to become a low-cost, long-term, sustainable lithium producer.
During the period the Company increased its cash balance by $41.97M to $105.5M at 31 December 2019 (30 June 2019: $63.6M).
a net cash inflow of $107.6M, (net of fees) related to the successful equity raising completed during the period
need to follow the...
