RE:BounceIMHO...not very good on T/A...still learning...however...
PLi already hit the 21 moving average twice, but just now touching the 14 MA for the second time.
One might consider the 'cup & handle' coming off from a decade long 'scoop & handle'...lol.
This time the fibinnocci retracement appears to be limited to 15%, rather than 25- 50%...
In the camp that this is the higher low of $1.54 (14 MA), since anything lower would mean that the 'head & shoulder' would fail, and result in a 'M' and 'A' pattern. This is usually the falling knife story.
The technical indicators are still holding healthy and there appears little reason why it should dump further. The 9 MA is still inline with MACD...although near zero, but ready for the next motive wave. I don't see the sp falling down to 21 MA, which would breakdown the PSAR.
The $1.40 would indicate a retracement back down to the 50 MA...this would be an obtuse scenario of failure, or something huge, to take everything out, and jacknife the sp for a enormous swing...not in this camp yet...
Supermoon...bloodmoon...prayers all over...
The PLI story is not yet covered by chartered banks...same time next year...so the only theory left is full steam ahead.
https://finance.yahoo.com/echarts?s=PLI.TO#symbol=pli.to;range=6m;compare=;indicator=psar+sma(3,5,9)+ema(14,21,50)+roc+rsi+mfi;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;