A well timed entry.
Here is my trading chart for PRU. From 2018 and 34c.
You can see how it took 2 months for the trend to crack - between July and Sept. Once it went there was capitulation.
Timing a bottom in these situations is difficult with the sell-down depth difficult to predict or calculate as support has gone.
This is when sentiment comes in handy for timing an entry.
Currently setting up a target - current minimum of $3.66 - before we see a lower low on this chart.
Expecting a reversal to cap the current run and establish the target. In a bull market phase, at least 80% of targets are hit.
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Short term chart is a bit of a mess.
I am a long term holder so no re-entry. I would have entered around $1.425 a little early, depending on sentiment.
The double top did the breakdown damage.
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Last
$2.43 |
Change
-0.155(6.01%) |
Mkt cap ! $3.370B |
Open | High | Low | Value | Volume |
$2.46 | $2.50 | $2.43 | $1.945M | 792.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 41079 | $2.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.43 | 10 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 35938 | 2.420 |
12 | 95598 | 2.410 |
10 | 31999 | 2.400 |
7 | 28983 | 2.390 |
4 | 17332 | 2.380 |
Price($) | Vol. | No. |
---|---|---|
2.430 | 11481 | 7 |
2.440 | 117557 | 22 |
2.450 | 107738 | 14 |
2.460 | 52909 | 11 |
2.470 | 116297 | 14 |
Last trade - 11.40am 30/07/2024 (20 minute delay) ? |
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