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1.28%

$2.32 perseus mining limited

PRU chart, page-309

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seeker88

1,286 Posts.

84

07/02/23

15:04

Post #: 66120881
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Originally posted by Pointyfigures: ↑

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.
.

.
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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I wish I could interpret these charts. Without the bottom axis labelled (assuming a time line) and an index of what the colours , numbers and naughts and crosses mean I continue to guess. Are they waves, green days versus red, are they reflecting candle charts...so sorry but I am lost but I appreciate you providing them for everyone's benefit as there is clearly a lot of work done to create them.

Last edited by seeker88: clarification 07/02/23

PRU Price at posting: $2.14 Sentiment: Buy Disclosure: Held
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(20min delay)
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

View Market Depth

No.	Vol.	Price($)
1	7851	2.310
1	7851	2.300
5	85930	2.290
6	51159	2.280
4	28251	2.270

Price($)	Vol.	No.
2.320	246586	9
2.330	196926	5
2.340	155039	5
2.350	97583	5
2.360	96458	3

Last trade - 16.10pm 27/06/2024 (20 minute delay)

PRU (ASX) Chart