PLS.AX ends the day indecisive
Pilbara Min Limited (PLS.AX) Technical Analysis Report for Nov 09, 2018 | by Techniquant Editorial Team
PLS.AX finished the week -2.33% lower at 0.84 after losing $0.02 (-2.33%) today, strongly underperforming the ASX 200 (-0.11%). Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (PLS.AX as at Nov 09, 2018):
Friday's trading range has been $0.03 (3.53%), that's slightly above the last trading month's daily average range of $0.03. Things look different on the weekly timeframe, where the market's trading range of the last week has been below the market's average weekly trading range. The longer-term, monthly volatility is currently slightly lower than usual for PLS.AX.
While still in a long-term downtrend, the short and medium-term trends both turned bullish already.
Buying could speed up should prices move above the nearby swing high at 0.87 where further buy stops might get triggered.