Hot Copper Charting and Chat, page-52

Update - PLS continues to look strong after the potentially bullish reversal seen in early September.
Price initially pushed higher this week, then rest of the week consolidating the recent gains, and absorbing some supply being drawn out after being trapped back in early August. The little higher volume congestion zone that never offered a way out is shown below (horizontal arrow). Less supply than I expected was drawn out of this zone, so I can only guess it was sold at a loss as price came off, which was probably the whole idea anyway.......
The chance there will be a test of strength (from above) of the breakout lines around 80cps, reduces the longer time goes on.
At this point a new positive influence is beginning to be established, it probably hasn't fully taken hold just yet (so could still fail), but will become stronger as times goes on.



cheers