PLS 2.13% $3.83 pilbara minerals limited

The weekly Heiken chart I posted is the cleanest picture of a...

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    The weekly Heiken chart I posted is the cleanest picture of a trend as it uses blended candles over 2 days and removes all the gaps its the best visual for those not so well versed in the intricacies of technical analysis (IMO)

    I made an incorrect call a few weeks back that I thought the bottom was in at 41c if it had back tested that price and found buying volume it would have been an even stronger base putting a potential double bottom but sadly I was wrong and it was simply a counter trend rally ( dead cat bounce )

    The reason I now put 35c in as the line in the sand now is that was the price PLS raised cash to fund the project at after enduring the orphan mining phase doldrums after the decline back to earth from the initial 80c discovery spike high

    having said that its more like a zone of support from 30c to 40c rather than a single line at 35c on the chart

    35c was the entry point on the schematic - the rest hasnt gone to plan after the fix plant problems taper to the right .
 
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