Oversold bounce on $PLS 1HR chart

2018年8月1日

Current sentiment:

Hard sell off from falling spot prices, unjustified IMO especially when PLS is selling at market prices, but it is what it is.

*Goldman Sachs big net sellers, deutsche bank big buyers

*High volume in the sell off from the highs

Signs of a reversal are possible:

* Dragon fly doji showing on the hourly chart (forming into a bullish hammer)

* Dragon fly doji on right on 200ema (past data shows support on 200ema)

* Oversold RSI

Risks:

* moderate - high volume sell off

* Current sentiment on lithium plays, GXY, AJM, KDR are negative

Personally, great prices for a buy, but needs to hold and bounce from here.