“I continue to remain bullish on the mid-cap miners,” said Michael.
“PLS is one of those stocks where its share price has not only has done well this year, but it should continue to do so.
“As a $7 billion lithium company, it has benefited greatly this year from rising lithium prices as well as increased interest in lithium from investors.
“The chart for PLS looks very bullish.
“After spending the first half of this year consolidating under $1.40, it then broke higher in June.
“After a sensational run in July and August, it then naturally needed to consolidate that move. “A clear symmetrical triangle formation was the precursor to another rally.
“The last few days has seen it break this pattern, and this means that we are at the start of the next rally in PLS shares,” Michael concluded.
Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.