Can Pilbara Minerals (PLS) keep rallying?

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Question asked 18/12/2021

Can Pilbara Minerals (PLS) keep rallying?

Hi Harry, last week you exited Pilbara Minerals hoping to renter around $2. Since then no further comments on Pilbara. Please update us with your view. Thank you Errol K

Answer

Hi Errol,

MM took a quick ~30% profit in PLS at $2.46 and now the stock has rallied further than we expected, clearly in hindsight we were being too conservative when we excited. At this stage I would adopt a simple technical strategy

• Stay long, or buy for aggressive players, with stops under $2.60 i.e. only 6% away.

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Pilbara Minerals (PLS)

LAST UPDATED 18/12/2021 07:18

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