PLS - Pilbara Minerals
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rcw I was hoping for a tidy profit to end the week, not a significant paper loss.
Thankfully contract fencing is booming.
Good afternoon farmerge
Yes reckon so. Glad to hear that the fencing contract side of your business is booming. rcw1 fencing days are long over...
Prices go up and they go down. Lithium price is no different. Posted something in the Lithium thread. Plenty written on the subject. rcw1 will continue to fast trade PLS, on the rise, to take advantage of any highlighted momentum.
rcw1 looks forward to what it does on Monday and during the week.
Not holding ... yet ... ha ha ha ha
Have a great week mate.
Kind regards
rcw1
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I am holding at prsent but not too shy to grad a few more if the downward slide continues. Would rather see it back up aroun Thurdays close though. Chasing a second divi if the numbers come out right.
Can't believe the amount of money that is being thrown around by people wanting work done at the moment. Won every quote so far this year, apart from a dremer out West Toodyay way. Absolute dreamer.
DrBourse
If you don't Ask, you don't Get.
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Dammmmm ......PLS hit $3.78........ used to be 0.01c out on my last 3 PLS Calls ........Now @ $3.78 My call was $3.76 thats 0.02c Out this tme.....Bout time I retired......0.01c then 0.02c out..... .Whats next...
DrBourse
If you don't Ask, you don't Get.
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Well Waddyaknow......PLS did hit $3.76 just after I spat the dummy in my 11am post this morning.....incorrect calls of 0.01c I can accept....just could not understand that 0.02c BooBoo.....
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Dr B feel not alone. As I was sitting in the vets waiting room with a bung eye, missed the opportunity also. Damn, blast and botheration. That's the polite version.
DrBourse
If you don't Ask, you don't Get.
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C'mon PLS down 0.04c More - Don't just sit there on a LOW of $3.67 - Ya must hit that magical $3.63, now get on with it Damm Ya....
Grrrrrrrrrrrrrrrrrrrrrrr.
Grrrrrrrrrrrrrrrrrrrrrrr.
???
Was waiting for 3.50. Had to quit. Money gone to BHP this morning?
DrBourse
If you don't Ask, you don't Get.
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Bingo - PLS now below $3.63 - got there a week sooner that I expected - Dunno where to next - $3.31 or maybee $3.00 - No more calls on PLS from me until after the next uptrend begins.....
????
Will it be back to 2 plus again?
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Rabbito I certainly hope not. more positivity please.
DrBourse
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Last nights PILBF Chart (Below) suggests that 14/3/23 was the ST Bottom for our PLS......
Cheers ....
DrB.
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Well Dr B PLS started off terrifically this morning and the emergency braking system was slamed on. Though finishing up a couple of cents is better than down a couple.
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With Respect
How do you draw Trend Lines when you only join up ONE (1) Point
ie: ONCE ?
With Respect again
I have never seen anything like it in Technical analysis
If you say it works for you then
It works for you
I am Just asking?
DrBourse
If you don't Ask, you don't Get.
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Hi Captain C…..
No worries M8….it's really encouraging to see someone actually asking the tough questions.....much to their detriment, most punters just brush off something they don't understand.....Congrats for asking the Q.....
I presume you are referring to the Candle on 26/1/23 (@ $3.68) on the chart below:-
It’s called a “Continuation Benchmark Candle Formation”, I have put an Ellipse (the Blue Ellipse) to highlight the actual BC formation…..it has Top, Bottom & Middle Lines that radiate out from those Top, Bottom & Middle positions.
If my assumption is correct then I will refer you to pages 197, 198 & 199 and recent XJO &WDS Charts all shown Below.…..
The Normal Published Theory that the “Sheep” use is for a Minimum 3 Points of Contact for a Trend Line….
Most Brokers & Professional Analysts (Nowdays) rely on a minimum of 5 Contact for a Trend Line….
As you suggest just relying on one contact point is pretty useless….
The Benchmark Candle Formation (Usually ONE Large Candle) AND the Continuation Benchmark Candle Formation (usually any number of Red Candles or Green Candles) states that the only points of reference are, as I mentioned above, Top, Middle & Bottom Points…..NOTE:- that there is leeway in that, a minimal nr of opposite colour candles is permitted….SO We may have, say, 10 Red candles but there may be a few Green Doji Type Candles within that BC – that is acceptable…..
The pages 197, 198 & 199 are self explanatory….
The XJO Chart shows a recurring series of BC’s….
And the WDS Chart shows TWO BC’s that combine to form one really large BC’s…..
The important aspect to this Formation is to note the Nr of times that the SP hits,and/or bounces off the 3 BC Lines......
Bit Complicated, but this is a Complicated Profession….
Hope that answers your Question - Happy to clarify any of the above…..
Cheers….
DrB.
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Crikey!
Many Many Thanks
This will take me at a least a Month or 3 to work out
But I will do the Hard Yards
I wonder what you would do with the 2 I hoisted today
Are you Interested?
If you are interested then I will open up a thread for each
I do not do "Debating" on my Good Ship "The HMAS Ship of Fools"
I am Sure you Understand
Salute and Gods' Speed
