PRU 0.40% $2.48 perseus mining limited

Chart Breakaway gap today :), page-18

  1. 2,060 Posts.
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    A red shooting doji, with line swipes 44c-46.5c and then back down again with another 10M volume accumulated.

    Similar volumes and similar trading patterns last 3 days with morning high volume spikes and arvo lower volume slide downs.

    Looks like some Instos are happy to pay 46c-47c for PRU last 2 days and hold after a much lower close.
    This is a signal that the strategy is to line swipe the volume above 45-52c and then cover back.

    Resistance should be at 52c the prior low range support and cap raise point where 100M shares were issued. Between 43c-52c there is no historic resistance or support point so this is all game playing to accumulate volume so retailers are shaken out to sell thinking its the top.

    Those dudded retail sellers at 33c-39c are now looking on wondering whether to buy in again & how high it can go but if they read my posts would have realised to hold or buy down at the biannual lows and maybe sell at the biannual highs which is 64c-80c.

    DXY/USD$index sits at 90.6 up from 90.4 yesterday and AU price is flat at 1336 and rebounding out yet again, AU price should be 1400 as it was 1355 last time DXY was at 91.2 but DXY is now lower so AU price should be higher than that past high.

    Those sellers who think PRU is done or that the Au price will drop have ignored the charts, basic maths, Sissingues valuation, fundamentals & Trumps strategy to boost exports/economy/inflation by lowering the USD$.

    So I expect 52c soon as their accumulation strategy continues unabated
 
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Last
$2.48
Change
0.010(0.40%)
Mkt cap ! $3.411B
Open High Low Value Volume
$2.50 $2.53 $2.48 $11.44M 4.580M

Buyers (Bids)

No. Vol. Price($)
3 37271 $2.48
 

Sellers (Offers)

Price($) Vol. No.
$2.49 108660 7
View Market Depth
Last trade - 16.10pm 14/08/2024 (20 minute delay) ?
PRU (ASX) Chart
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