What is chart looking for PLS on ASX

The chart for Pilbara Minerals Ltd. (PLS) on the ASX is currently showing a bullish signal, indicating a potential for price increase. Here's a detailed analysis:

1. **Bullish Sentiment**: The chart indicates a strong bullish sentiment for PLS, with several bullish signals and a trend that is described as "very strong like a Rocket". This suggests that the stock may continue to rise in the near term.
2. **Technical Indicators**: The 5/10/20/60 moving averages are aligning below the current price, which is a bullish technical indicator. This suggests that the stock is gaining momentum and may continue to rise.
3. **Support Levels**: The chart mentions a range low that the stock is expected to bounce from, and suggests that holding below this range low could lead to a potential upside to $2.50. This indicates that there is a support level that the stock may bounce off of.
4. **Risk Assessment**: There is also a mention of bearish potential if the price holds below a certain level ($4.02), which suggests that there is a risk of a potential downturn if this support level is breached.

In conclusion, the chart for PLS on the ASX is currently indicating a bullish trend with strong buying pressure. However, investors should also be aware of potential risk levels and support zones to make informed trading decisions.