ASX: PLS Pilbara Minerals - Bearish Outlook on the 1W
It seems like bulls have refused to push above and beyond 0.95. Bears are winning for now. The coming week, I expect a pullback to the 55 EMA highlighted in grey box.
If hell breaks lose, we will go down to the 100 day EMA also highlighted in grey box.
My weekly indicators are bearish and unless we break above 0.95, my bearish outlook remains. Chart will be invalidated when price breaks with conviction above 0.95.
If hell breaks lose, we will go down to the 100 day EMA also highlighted in grey box.
My weekly indicators are bearish and unless we break above 0.95, my bearish outlook remains. Chart will be invalidated when price breaks with conviction above 0.95.