PLS.AX closes flat at 0.0%

Pilbara Min Limited (PLS.AX) Technical Analysis Report for Oct 12, 2018 | by Techniquant Editorial Team


PLS.AX finished the week -7.06% lower at 0.79 after flat today, slightly underperforming the market (ASX 200, 0.2%).

Daily Candlestick Chart (PLS.AX as at Oct 12, 2018):

Daily technical analysis candlestick chart for Pilbara Min Limited (PLS.AX) as at Oct 12, 2018

Friday's trading range was $0.02 (2.56%), that's below last trading month's daily average range of $0.03. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly below average.

In spite of a weak opening the stock managed to close above the prior day's open and close, forming a bullish Engulfing Candle. The last time this happened on September 12th, PLS.AX lost 0.00% on the following trading day.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Selling could accelerate should prices move below the nearby swing low at 0.76 where further sell stops might get activated.

Market Conditions for PLS.AX as at Oct 12, 2018

Loading Market Conditions for PLS.AX (Pilbara Min Limited)...
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