PLS.AX ends the day indecisive

Pilbara Min Limited (PLS.AX) Technical Analysis Report for Nov 09, 2018 | by Techniquant Editorial Team


PLS.AX ends the day indecisive


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):

Daily technical analysis candlestick chart for Pilbara Min Limited (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.

Market Conditions for PLS.AX as at Nov 09, 2018

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