PRX 0.00% 0.3¢ prodigy gold nl

chart, page-93

  1. 13,808 Posts.
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    Long term chart of ABU compared to AZM that I mentioned yesterday as one explorer where the price may have gotten away from the fundamentals.
    These charts show ABU looks a reasonably safe bet with good reward/risk.
    If the price remains within the long term up channel, the risk from around 5c is 1c down (20%) while the upside is 4c (80%) to 9c. However we have seen good support at 5c since mid October and hopefully this continues.
    The chart also shows the long term trend for ABU is linear and not too steep and easily in line with the fundamentals outlined in the scoping study for OP (study did not include GH and OP extensions).
    AZM in contrast rose parabolically to what turned out to be unsustainable levels from 4c to 80c in two years.
    The chart clearly shows a long term sell signal after the parabolic trend line was broken and a down trend began to form.
    The 50DMA crossing the 200 appears to have been a good medium or longer term buy and sell indicator for AZM and it also appears to be a good indicator for ABU.
    It crossed bullishly for ABU in early October and the 50 is still comfortably above the 200 despite this recent correction.


 
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Last
0.3¢
Change
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Mkt cap ! $6.353M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $779 259.5K

Buyers (Bids)

No. Vol. Price($)
28 15823362 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 23487747 25
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Last trade - 10.06am 12/07/2024 (20 minute delay) ?
PRX (ASX) Chart
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