she'll be right bloke. You'll offload soon.As I cry into my glass full of of eskimo Ice. PLS was giving me nice little paper profit at close on Thursday, and then yesterday it became a "bottom of the harbour" episode.
This th worst game of Snakes and Ladders that I have played for some time.
rcw I was hoping for a tidy profit to end the week, not a significant paper loss.she'll be right bloke. You'll offload soon.
kind regards
rcw1
Good afternoon farmergercw I was hoping for a tidy profit to end the week, not a significant paper loss.
Thankfully contract fencing is booming.
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.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.
View attachment 154241
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
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...As a followup to my 28/2/23 post (above) where the Trading View Analysts reported the following Short Term TA for PLS.
View attachment 154220
BUT now Today Sat 11/3/23 their Analysis has been Downgraded to the following Short Term TA for PLS.
View attachment 154221
PLS has deteriorated from Sell, Sell & Strong Sell on 28/2/23, to Sell, Strong Sell & Strong Sell now on 11/3/23.
I will also say that I expect another drop of abt 0.20c to approx $3.78 on Monday 13/3/23 - for me that's close enough to my original 18/2/23 call of $3.63.
By COB Monday 13/3/23 I would expect the PLS Technicals to be "Strong Sell, Strong Sell & Strong Sell".
So, No, I will not be wasting any more time on the "Short Term Basket Case known as PLS", got better things to do with my time.
Packing up my "Bat n Ball" and getting on with trading real stocks...... PLS, for the ST, is no longer in my group of Real Stocks.
Might take a five second peek at PLS in a week or 2..
Sorry Guys.
DrB.
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.....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...
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.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...
???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....
View attachment 154335
Grrrrrrrrrrrrrrrrrrrrrrr.
Was waiting for 3.50. Had to quit. Money gone to BHP this morning?
????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.....
View attachment 154340
Will it be back to 2 plus again?
Rabbito I certainly hope not. more positivity please.Will it be back to 2 plus again?
Last nights PILBF Chart (Below) suggests that 14/3/23 was the ST Bottom for our PLS......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.....
View attachment 154340
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.Last nights PILBF Chart (Below) suggests that 14/3/23 was the ST Bottom for our PLS......
View attachment 154395
Cheers ....
DrB.
With RespectLast nights PILBF Chart (Below) suggests that 14/3/23 was the ST Bottom for our PLS......
View attachment 154395
Cheers ....
DrB.
Hi Captain C…..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?
View attachment 154420
Crikey!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:-
View attachment 154429
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.…..
View attachment 154423
View attachment 154424
View attachment 154425
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…..
View attachment 154426
View attachment 154427
The important aspect to this Formation is to note the Nr of times tha 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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