PRR has always followed the ASX fairly closely. Now it is IN the ASX 200.
The ASX follows the S&P 500 twists and turns (even if it has underperformed total return)
So watch the S&P 500
Watch the put/ call ration on-balance volume on the CBOE
For PRR, 0.15c held today but I think 0.14-0.145 is still a strong support (0.14 is where I draw my line)
If bad macro news comes out in ST, 0.12c is also support
Once S&P 500 finds its bottom in the 1088-1040 range I think a multi-month rally is to follow to 1260 when the next leg down will begin.
And because PRR is linked even closer to an index now it should follow.
That's my read.
PRR has always followed the ASX fairly closely. Now it is IN the...
Add IMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
29.5¢ |
Change
0.015(5.36%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.5¢ | 28.0¢ | $833.4K | 2.824M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 388130 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 39940 | 3 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |