PLS chart, page-484

Today we saw price break through the Bollinger bands and is now trading at around the top end of the band. I'd rather see a steady rise in price, trading along the top end of the bands, like it had done a couple of times in the last few months, so not too concerned with today's pullback from high of $38.5c.

I think its very likely we'll re-test previous high of $43c given other technical indicators like Stochastic and MACD have together confirmed the buy signal (MACD crossing within 2 days of stochastic cross). This makes sense fundamentally as well as Battery Day is around the corner.

POSCO JV (or lack thereof) in the next few weeks could also really precipitate strong moves, so lots of volatility ahead, after the last few weeks of low-ish volatility.