Buyers making their move up so watching for the entry trigger

New Buy Entry Alert PLS

 

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $1.45 Billion Market Cap, VWAP 0.83, ASX Ranking 188, 4 Week Av Turnover $4,029,462, Current Turnover (Intraday as at time of alert) $435,580.

Company Overview : Pilbara Minerals Limited (PLS) is an emerging lithium and tantalum producer focused on the development of Pilgangoora Lithium-Tantalum Project, located approximately 120kms from Port Hedland in the Pilbara region of Western Australia. The principal activities of the Company during the year were the exploration and development of mineral resources, being the Pilgangoora Project. The size, quality and anticipated low operating cost base of the Pilgangoora Project also provides the Company with an exceptional opportunity to pursue growth opportunities in downstream lithium markets. As part of its fast-track development program at Pilgangoora, Pilbara Minerals is on track to commence production and shipments in Q2 of 2018.

Broker Consensus : BUY

 

PLS – Pilbara Minerals Limited

PLS is on the move up as buyers are happy with the weekends news on trade between the US and China. We are now happy to buy on a push up through 0.89 and will hold the stop loss at 0.80. If price trades lower at 0.80 prior to entry, we will cancel the alert and re-assess the action.

 

Stock Code : PLS – Pilbara Minerals Limited

Company Website : www.pilbaraminerals.com.au

Current Price : 0.87

New Buy Entry Level (Trigger Level) : 0.89

Potential Sell Exit Zone (Stop Loss) : 0.80

Status : On watch for a Buy entry trigger

 


Previous Alert 28/11/18

Potential Buy Entry Alert to Watch PLS

 

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $1.45 Billion Market Cap, VWAP 0.83, ASX Ranking 188, 4 Week Av Turnover $4,029,462, Current Turnover (Intraday as at time of alert) $435,580.

Company Overview : Pilbara Minerals Limited (PLS) is an emerging lithium and tantalum producer focused on the development of Pilgangoora Lithium-Tantalum Project, located approximately 120kms from Port Hedland in the Pilbara region of Western Australia. The principal activities of the Company during the year were the exploration and development of mineral resources, being the Pilgangoora Project. The size, quality and anticipated low operating cost base of the Pilgangoora Project also provides the Company with an exceptional opportunity to pursue growth opportunities in downstream lithium markets. As part of its fast-track development program at Pilgangoora, Pilbara Minerals is on track to commence production and shipments in Q2 of 2018.

Broker Consensus : BUY

 

PLS – Pilbara Minerals Limited

PLS is still contracting off highs but getting to the pointy end of the action. We are now watching for a higher low to build that will drag in further buyers for a push up to highs. With recent news of high concentrate shipments (9th Oct 18), we expect higher levels to hold so from here, its all about a setup.

 

Stock Code : PLS – Pilbara Minerals Limited

Company Website : www.pilbaraminerals.com.au

Current Price : 0.84

Status : On watch for buy entry setup