Long

$PLS Pilbara one more lithium boost

Updated

Pilbara seems to be on the Elliot Wave 5 path now.

Anyhow, in Ichimoku terms,

1. TK cross bullish
2. Chikun above price - Bullish
3. Break above clouds
4. Target: $1.00
5. SL @ $0.91

Note

This is the weekly chart. 1W is painting a more bearish side.

1. TK bearish cross
2. RSI oversold

I would not trade PLS at the moment.

Note

2 support levels to look out for:

SL1: 0.87
SL2: 0.80

A break of $1.00 would invalidate this bearish view.

Note

PLS broke down of the rising wedge yesterday. At the close of today, we will know whether there's a TK bearish cross on the daily.

Currently on Support Level 1.

paper_value

Also on:

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