Everytime it hits the 0.036 - 0.037 support level, it bounces hard, but I'm not so sure it will hold this time. I would have personally liked to see the 0.040 level hold as support but it was broken today. Feasibilities are due soon meaning more sellers are likely to come into action as reality sets in ( see link ) Not overly excited, but not bearish either. It...
Buyers have stepped in at support zone 0.79 - 0.80 with volume showing a bullish divergence on the RSI chart. The bounce was followed by a bull pennant with another break above 0.875 level. Looking very bullish atm with RSI holding above 60 and FA still looking strong relative to peers.
Fundamental analysis: PLS.AX continues to secure landmark deals with top tier companies with the most recent: Binding Subscription Agreement executed with POSCO and its wholly-owned subsidiary, POSCO Australia Limited (POSCO, market cap: $28t) , for an immediate upfront A$79.6M equity investment at A$0.97/share in Pilbara Minerals, with the proceeds to...
FA: AYR cobalt deposit between $COB and $HAV. COB: M.CAP $111m AYR: M.CAP $11m HAV: M.CAP $56m Sentiment: Moderate - high in cobalt sector due to BMW looking to secure LT deal with cobalt miner Increased vol in 0.008 breakout, OBV chart showing higher high and fast spike upwards. Volume showing slight caution near 0.010 - 0.011 resistance, RSI showing...