Pilbara 
PLS has corrected nearly 85% from all time highs since Dec/Jan18. Now it is sitting at the Fib 0.854 @ $0.485. How much more will it continue to be shorted? PLS is one of the most heavily shorted stock on the ASX by the way.
The previous bull flag took 69 weeks to complete. Although there might be no correlation but price-action is printing a similar pattern. I am hoping that this is a legit bull flag and that it will bounce here, otherwise we might be looking at $0.41 at the bottom of the channel before a bounce. Let's hope this legit bull flag will bring the price up to the top of the channel for a clean break out.
PLS has corrected nearly 85% from all time highs since Dec/Jan18. Now it is sitting at the Fib 0.854 @ $0.485. How much more will it continue to be shorted? PLS is one of the most heavily shorted stock on the ASX by the way.The previous bull flag took 69 weeks to complete. Although there might be no correlation but price-action is printing a similar pattern. I am hoping that this is a legit bull flag and that it will bounce here, otherwise we might be looking at $0.41 at the bottom of the channel before a bounce. Let's hope this legit bull flag will bring the price up to the top of the channel for a clean break out.
注释
Now we have reached the bottom of the channel and RSI oversold.
Tread carefully.
Disclaimer:
This post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions.
This post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions.
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Disclaimer:
This post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions.
This post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。