PRU 1.28% $2.32 perseus mining limited

PRU chart, page-303

  1. 1,642 Posts.
    lightbulb Created with Sketch. 2389
    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.
    .
    https://hotcopper.com.au/data/attachments/4830/4830191-1a5cb0d7a083306fc4a260b6af90f3b5.jpg
    .
    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.
    .
    https://hotcopper.com.au/data/attachments/4830/4830211-71981ea95c78ac68f165a18e5581aaed.jpg



 
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Last
$2.32
Change
-0.030(1.28%)
Mkt cap ! $3.187B
Open High Low Value Volume
$2.29 $2.32 $2.25 $11.09M 4.818M

Buyers (Bids)

No. Vol. Price($)
8 265953 $2.31
 

Sellers (Offers)

Price($) Vol. No.
$2.32 392235 14
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Last trade - 16.10pm 27/06/2024 (20 minute delay) ?
PRU (ASX) Chart
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