PLS - Pilbara Minerals

[Rabbithop]

Seems that PLS has risen up from the ashes the past few days to hit $4.04 as today's high. I, as usual bailed out, with a tidy profit before $4, but unfortunately miseed the boat (not the Good Capt's) when another few cents on the profit could have been achieved. I do have another buy in in the low $3.90's and if there happens ro be a drop maybe I'll be on board again.

Got a huge surprise when it jumped passed over the $4 line n pulled back a little...only if I knew it was going to happen on Monday, cld have bought more!

 

[farmerge]

Seems that PLS has risen up from the ashes the past few days to hit $4.04 as today's high. I, as usual bailed out, with a tidy profit before $4, but unfortunately miseed the boat (not the Good Capt's) when another few cents on the profit could have been achieved. I do have another buy in in the low $3.90's and if there happens ro be a drop maybe I'll be on board again.

Good evening Rabbito late night for you. I have been a bit cutioous with PLS though trading slowly, picking up enough profit each time to make it worthwhile. Perhaps $4 something tomorrow.

 

[farmerge]

Got a huge surprise when it jumped passed over the $4 line n pulled back a little...only if I knew it was going to happen on Monday, cld have bought more!

Same here I ummed and erred at the 43.65 mark but the bloke in the mirror was keeping quite at that stage.

 

[Rabbithop]

Good evening Rabbito late night for you. I have been a bit cutioous with PLS though trading slowly, picking up enough profit each time to make it worthwhile. Perhaps $4 something tomorrow.

Good morning Farmer.? still waiting on the bus stop.

 

[farmerge]

Good morning Farmer.? still waiting on the bus stop.

Sorry to say Rabbito, the last bus has been !!!!!

 

[farmerge]

Sorry to say Rabbito, the last bus has been !!!!!

Gotta be off eyeballs are just hanging in.

 

[farmerge]

Got a huge surprise when it jumped passed over the $4 line n pulled back a little...only if I knew it was going to happen on Monday, cld have bought more!

Howdy Rabbito. Another good day for the PLS holders and traders.
I watched and wondered for awhile today and as the PLS SP climbed and then fell slightly to under $4 thought I should jump back in.
But there was a bit of doubt at the back of the grey matter that was holding me back.
After it hit $4.14 grittered my teeth and got back in at $4.09.
Now waiting to see if another 18 odd cents climb is on the books for tomorrow.

 

[farmerge]

PLS had an 18 odd cent change today but sadly it wasn't up !!!!

 

[farmerge]

And today after slipping on the rungs of the ladder downward made a reasonable finish to the day to be at $4.02 Come on Monday with another upward surge in the $4.20 range would be welcome.

 

[Rabbithop]

And today after slipping on the rungs of the ladder downward made a reasonable finish to the day to be at $4.02 Come on Monday with another upward surge in the $4.20 range would be welcome.

Likely.

 

[DrBourse]

Likely.

Unlikely

 

[waterbottle]

Unlikely

How come

 

[DrBourse]

How come

Hi waterbottle,

Earlier this year I posted that I was not going to comment on PLS again till they started their next UPTREND – PLS have still not yet started that UPTREND - This post is your fault waterbottle, look at what you’ve gotten me to do, Grrrrrrrrrrrrr....

ANYWAY – Here Goes Nuttin….

My comment ‘Unlikely” is purely based on TA.

Firstly, lets look at the overall recent picture below.

There was a Large Divergence (pages 45, 82, 91, 93, 95, 97-99, 102, 104, & 109) that started on 6/9/22 that ran for One Month to 6/10/22.

Immediately after that there was a Triple Top (page 18).

THOSE 2 TA SIGNALS WERE THE PROMISE OF THINGS TO COME – A BIG DOWNTREND.

That Downtrend seemed to Bottom Out @ $3.63 late Dec 22 & Early Jan 23.

Then came a Divergence AND a Benchmark Candle Formation (pages 197-199) that started on 20/1/23, those 2 TA Signals suggested more Downtrend to come.

Then on 17/2/23 I called that “On 17/2/23 I made the calls that PLS would fall to $4.15 then $3.97, then $3.76, my final call of $3.63 should be the bottom IMO” – Those 4 calls happened Exactly as I predicted.

Then after a few days below that $3.63 Bottom Trendline, PLS rose to form a Double Top (pages 20, 82, 96, 97, & 109) on late March 23 to 18/4/23.

The current Linear Regression (pages 139-142) is currently in a Downtrend and pointing to Lower Prices, incidentally, Back on 14/3/23 I suggested $3.31 then $3.00 for PLS - that suggestion is still alive.

There are several other Negative Minor Candle Signs that I have not even bothered to mention, like why the different Candle Colours between PILBF & PLS over the last week or 2..

At this point in time PLS is having a lot of trouble escaping from the current BCF.

And there are several Overhead Resistance Lines (including some I have not drawn in) for PLS to break, Not Gunna Be Easy IMO.

I would hope that by now you can see the emerging Trend that PLS is giving us – Dozens of Negative TA Signals.

NEXT we need to look at the PLS ADR PILBF (See my TA Help for Beginners Forum for an ADR Explanation).

The PILBF Chart is what PLS follows, the PILBF Chart is in an even deeper downtrend than PLB - and note the Stoch Indicator.

I Reckon any Uptrend will be very Short, then the Downtrend should continue, Punters are still wary of other Emerging Alternativer to the Pilbara Metals Product.

I can see a Date and a Price area that PLS will begin its next Uptrend, but that is for publication to the few people that understand and accept my style of analysis.. Way too many knockers here, I don't need the agro and insunuations they throw.

rcw1 a PM on its way sometime later today, gunna watch some AFL this arvo.

Hope you can all follow my TA explanations.

Cheers..
DrB.

 

[waterbottle]

Hi waterbottle,

Earlier this year I posted that I was not going to comment on PLS again till they started their next UPTREND – PLS have still not yet started that UPTREND - This post is your fault waterbottle, look at what you’ve gotten me to do, Grrrrrrrrrrrrr....

ANYWAY – Here Goes Nuttin….

My comment ‘Unlikely” is purely based on TA.

Firstly, lets look at the overall recent picture below.

View attachment 156088

There was a Large Divergence (pages 45, 82, 91, 93, 95, 97-99, 102, 104, & 109) that started on 6/9/22 that ran for One Month to 6/10/22.

Immediately after that there was a Triple Top (page 18).

THOSE 2 TA SIGNALS WERE THE PROMISE OF THINGS TO COME – A BIG DOWNTREND.

That Downtrend seemed to Bottom Out @ $3.63 late Dec 22 & Early Jan 23.

Then came a Divergence AND a Benchmark Candle Formation (pages 197-199) that started on 20/1/23, those 2 TA Signals suggested more Downtrend to come.

Then on 17/2/23 I called that “On 17/2/23 I made the calls that PLS would fall to $4.15 then $3.97, then $3.76, my final call of $3.63 should be the bottom IMO” – Those 4 calls happened Exactly as I predicted.

Then after a few days below that $3.63 Bottom Trendline, PLS rose to form a Double Top (pages 20, 82, 96, 97, & 109) on late March 23 to 18/4/23.

The current Linear Regression (pages 139-142) is currently in a Downtrend and pointing to Lower Prices, incidentally, Back on 14/3/23 I suggested $3.31 then $3.00 for PLS - that suggestion is still alive.

There are several other Negative Minor Candle Signs that I have not even bothered to mention, like why the different Candle Colours between PILBF & PLS over the last week or 2..

At this point in time PLS is having a lot of trouble escaping from the current BCF.

And there are several Overhead Resistance Lines (including some I have not drawn in) for PLS to break, Not Gunna Be Easy IMO.

I would hope that by now you can see the emerging Trend that PLS is giving us – Dozens of Negative TA Signals.

NEXT we need to look at the PLS ADR PILBF (See my TA Help for Beginners Forum for an ADR Explanation).

The PILBF Chart is what PLS follows, the PILBF Chart is in an even deeper downtrend than PLB - and note the Stoch Indicator.

View attachment 156089
I Reckon any Uptrend will be very Short, then the Downtrend should continue, Punters are still wary of other Emerging Alternativer to the Pilbara Metals Product.

I can see a Date and a Price area that PLS will begin its next Uptrend, but that is for publication to the few people that understand and accept my style of analysis.. Way too many knockers here, I don't need the agro and insunuations they throw.

rcw1 a PM on its way sometime later today, gunna watch some AFL this arvo.

Hope you can all follow my TA explanations.

Cheers..
DrB.

Interesting, thanks for sharing.

Do you see the same signals in any of the other lithium miners or non-lithium miners?

 

[qldfrog]

Hi waterbottle,

Earlier this year I posted that I was not going to comment on PLS again till they started their next UPTREND – PLS have still not yet started that UPTREND - This post is your fault waterbottle, look at what you’ve gotten me to do, Grrrrrrrrrrrrr....

ANYWAY – Here Goes Nuttin….

My comment ‘Unlikely” is purely based on TA.

Firstly, lets look at the overall recent picture below.

View attachment 156088

There was a Large Divergence (pages 45, 82, 91, 93, 95, 97-99, 102, 104, & 109) that started on 6/9/22 that ran for One Month to 6/10/22.

Immediately after that there was a Triple Top (page 18).

THOSE 2 TA SIGNALS WERE THE PROMISE OF THINGS TO COME – A BIG DOWNTREND.

That Downtrend seemed to Bottom Out @ $3.63 late Dec 22 & Early Jan 23.

Then came a Divergence AND a Benchmark Candle Formation (pages 197-199) that started on 20/1/23, those 2 TA Signals suggested more Downtrend to come.

Then on 17/2/23 I called that “On 17/2/23 I made the calls that PLS would fall to $4.15 then $3.97, then $3.76, my final call of $3.63 should be the bottom IMO” – Those 4 calls happened Exactly as I predicted.

Then after a few days below that $3.63 Bottom Trendline, PLS rose to form a Double Top (pages 20, 82, 96, 97, & 109) on late March 23 to 18/4/23.

The current Linear Regression (pages 139-142) is currently in a Downtrend and pointing to Lower Prices, incidentally, Back on 14/3/23 I suggested $3.31 then $3.00 for PLS - that suggestion is still alive.

There are several other Negative Minor Candle Signs that I have not even bothered to mention, like why the different Candle Colours between PILBF & PLS over the last week or 2..

At this point in time PLS is having a lot of trouble escaping from the current BCF.

And there are several Overhead Resistance Lines (including some I have not drawn in) for PLS to break, Not Gunna Be Easy IMO.

I would hope that by now you can see the emerging Trend that PLS is giving us – Dozens of Negative TA Signals.

NEXT we need to look at the PLS ADR PILBF (See my TA Help for Beginners Forum for an ADR Explanation).

The PILBF Chart is what PLS follows, the PILBF Chart is in an even deeper downtrend than PLB - and note the Stoch Indicator.

View attachment 156089
I Reckon any Uptrend will be very Short, then the Downtrend should continue, Punters are still wary of other Emerging Alternativer to the Pilbara Metals Product.

I can see a Date and a Price area that PLS will begin its next Uptrend, but that is for publication to the few people that understand and accept my style of analysis.. Way too many knockers here, I don't need the agro and insunuations they throw.

rcw1 a PM on its way sometime later today, gunna watch some AFL this arvo.

Hope you can all follow my TA explanations.

Cheers..
DrB.

By the way DrB,
Your analysis here but also on other thread are most welcome.
There is much effort and work in your answers.i personally find them enlightening.
I have currently far too much on my plate and no cash to invest, but I would be happy to shout you beer or coffee if we even get the opportunity to meet.
I am probably not alone thinking your TA lessons and notes are a gem.
I do not do pure TA but am happy to try to add some of these gems for trials when developing trading systems

 

[farmerge]

Likely.

Well Rabbito we can all dream of a higher SP to come.

 

[Rabbithop]

Hi waterbottle,

Earlier this year I posted that I was not going to comment on PLS again till they started their next UPTREND – PLS have still not yet started that UPTREND - This post is your fault waterbottle, look at what you’ve gotten me to do, Grrrrrrrrrrrrr....

ANYWAY – Here Goes Nuttin….

My comment ‘Unlikely” is purely based on TA.

Firstly, lets look at the overall recent picture below.

View attachment 156088

There was a Large Divergence (pages 45, 82, 91, 93, 95, 97-99, 102, 104, & 109) that started on 6/9/22 that ran for One Month to 6/10/22.

Immediately after that there was a Triple Top (page 18).

THOSE 2 TA SIGNALS WERE THE PROMISE OF THINGS TO COME – A BIG DOWNTREND.

That Downtrend seemed to Bottom Out @ $3.63 late Dec 22 & Early Jan 23.

Then came a Divergence AND a Benchmark Candle Formation (pages 197-199) that started on 20/1/23, those 2 TA Signals suggested more Downtrend to come.

Then on 17/2/23 I called that “On 17/2/23 I made the calls that PLS would fall to $4.15 then $3.97, then $3.76, my final call of $3.63 should be the bottom IMO” – Those 4 calls happened Exactly as I predicted.

Then after a few days below that $3.63 Bottom Trendline, PLS rose to form a Double Top (pages 20, 82, 96, 97, & 109) on late March 23 to 18/4/23.

The current Linear Regression (pages 139-142) is currently in a Downtrend and pointing to Lower Prices, incidentally, Back on 14/3/23 I suggested $3.31 then $3.00 for PLS - that suggestion is still alive.

There are several other Negative Minor Candle Signs that I have not even bothered to mention, like why the different Candle Colours between PILBF & PLS over the last week or 2..

At this point in time PLS is having a lot of trouble escaping from the current BCF.

And there are several Overhead Resistance Lines (including some I have not drawn in) for PLS to break, Not Gunna Be Easy IMO.

I would hope that by now you can see the emerging Trend that PLS is giving us – Dozens of Negative TA Signals.

NEXT we need to look at the PLS ADR PILBF (See my TA Help for Beginners Forum for an ADR Explanation).

The PILBF Chart is what PLS follows, the PILBF Chart is in an even deeper downtrend than PLB - and note the Stoch Indicator.

View attachment 156089
I Reckon any Uptrend will be very Short, then the Downtrend should continue, Punters are still wary of other Emerging Alternativer to the Pilbara Metals Product.

I can see a Date and a Price area that PLS will begin its next Uptrend, but that is for publication to the few people that understand and accept my style of analysis.. Way too many knockers here, I don't need the agro and insunuations they throw.

rcw1 a PM on its way sometime later today, gunna watch some AFL this arvo.

Hope you can all follow my TA explanations.

Cheers..
DrB.

I am at the bus stop for $3. Currently holding a sm parcel.
By the way, need your opinion on BHP or can you please do a chart for BHP. I am thinking of buying in around $40 - $42.

 

[farmerge]

I am at the bus stop for $3. Currently holding a sm parcel.
By the way, need your opinion on BHP or can you please do a chart for BHP. I am thinking of buying in around $40 - $42.

Good morning Rabbito
PLS came up with the goods again this morning for me, reached my departure station at 4.17, probably try to to re-board again at around 3.90 something.

 

[farmerge]

Hi waterbottle,

Earlier this year I posted that I was not going to comment on PLS again till they started their next UPTREND – PLS have still not yet started that UPTREND - This post is your fault waterbottle, look at what you’ve gotten me to do, Grrrrrrrrrrrrr....

ANYWAY – Here Goes Nuttin….

My comment ‘Unlikely” is purely based on TA.

Firstly, lets look at the overall recent picture below.

View attachment 156088

There was a Large Divergence (pages 45, 82, 91, 93, 95, 97-99, 102, 104, & 109) that started on 6/9/22 that ran for One Month to 6/10/22.

Immediately after that there was a Triple Top (page 18).

THOSE 2 TA SIGNALS WERE THE PROMISE OF THINGS TO COME – A BIG DOWNTREND.

That Downtrend seemed to Bottom Out @ $3.63 late Dec 22 & Early Jan 23.

Then came a Divergence AND a Benchmark Candle Formation (pages 197-199) that started on 20/1/23, those 2 TA Signals suggested more Downtrend to come.

Then on 17/2/23 I called that “On 17/2/23 I made the calls that PLS would fall to $4.15 then $3.97, then $3.76, my final call of $3.63 should be the bottom IMO” – Those 4 calls happened Exactly as I predicted.

Then after a few days below that $3.63 Bottom Trendline, PLS rose to form a Double Top (pages 20, 82, 96, 97, & 109) on late March 23 to 18/4/23.

The current Linear Regression (pages 139-142) is currently in a Downtrend and pointing to Lower Prices, incidentally, Back on 14/3/23 I suggested $3.31 then $3.00 for PLS - that suggestion is still alive.

There are several other Negative Minor Candle Signs that I have not even bothered to mention, like why the different Candle Colours between PILBF & PLS over the last week or 2..

At this point in time PLS is having a lot of trouble escaping from the current BCF.

And there are several Overhead Resistance Lines (including some I have not drawn in) for PLS to break, Not Gunna Be Easy IMO.

I would hope that by now you can see the emerging Trend that PLS is giving us – Dozens of Negative TA Signals.

NEXT we need to look at the PLS ADR PILBF (See my TA Help for Beginners Forum for an ADR Explanation).

The PILBF Chart is what PLS follows, the PILBF Chart is in an even deeper downtrend than PLB - and note the Stoch Indicator.

View attachment 156089
I Reckon any Uptrend will be very Short, then the Downtrend should continue, Punters are still wary of other Emerging Alternativer to the Pilbara Metals Product.

I can see a Date and a Price area that PLS will begin its next Uptrend, but that is for publication to the few people that understand and accept my style of analysis.. Way too many knockers here, I don't need the agro and insunuations they throw.

rcw1 a PM on its way sometime later today, gunna watch some AFL this arvo.

Hope you can all follow my TA explanations.

Cheers..
DrB.

Good morning Dr B PLS is a winner for me today with another good lift. !!!!

 

[Boggo]

Follow up from here https://www.aussiestockforums.com/threads/pls-pilbara-minerals.29693/page-23#post-1220402

Still in positive from last week.

(click to expand)