PLS.AX stuck within tight trading range
PLS.AX finished the week -2.22% lower at 0.88 after flat today on low volume. The bears were in full control today, moving the market lower throughout the whole session.
Friday's trading range was A$0.01 (1.12%), that's far below last trading month's daily average range of A$0.04. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average. Prices continued to consolidate within a tight trading range between 0.86 and 0.89 which it has been in now for the last three days.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Selling might accelerate should prices move below the close-by swing low at 0.86 where further sell stops could get triggered.
Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.
Market Conditions for Pilbara Min Limited
|Southern Doji||TQ Pro Members Only|
|Long-Legged Doji||TQ Pro Members Only|
|Doji||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Gravestone Doji||TQ Pro Members Only|
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