PRU 10.2% $2.59 perseus mining limited

DXY daily chart is in freefall, collapsing again from 89.33...

  1. 2,060 Posts.
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    DXY daily chart is in freefall, collapsing again
    from 89.33 daily highs to 88.96
    Seems as soon as EU US open, the DXY drops away as a trend now for a few weeks.

    Au price now rebounding to 1341, may hit daily highs of 1345 again tonight as traders pile out of USD$ and into gold. With this DXY, the Au price should be 1391 already but its lagging.
    It was 1355 with a DXY of 91.35 in Sept for example which is 2.7% higher than it is now yet gold price is 1% lower! Go figure!

    Looks like some astute INSTO buyers knew the trend and werent selling to these manipulaters at close. Expect 44.5c open tmrw and more volume accumulation at 43c-47c until and unless the volume dries up down at these cheap values. This is above the prior resistance of 43.0c and now it is acting as a floor and support level.

    If PRU is a top 2 growth stock on the ASX, it hasnt shown it the last 2 weeks and has been stagnant at 44.0c in a volatile flatline since 16 Jan to today. 2 Weeks and its still 44c despite a great Q2 report and Sissingue update. I have stated a floor formed at 43-46c and here it is still in effect.

    Watching the volume, some 95M shares have traded the last 2 weeks at this floor level. So clear signs of INSTO buyers taking large volume and others happy to cash in & miss the next runup.

    I have called a gapup sooner or later when the INSTOs decide its time and when there is no more volume to accumulate at these levels. I also expect a bullish Sissingue upgrade on a gold price up day in February.

    This floor has built a foundation support above prior resistance for the next 1 bagger run for PRU. Sorry to the retail sellers but you exited too early. PRU has an incredible 6 months upcoming.
 
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Last
$2.59
Change
0.240(10.2%)
Mkt cap ! $3.509B
Open High Low Value Volume
$2.51 $2.60 $2.48 $20.56M 8.065M

Buyers (Bids)

No. Vol. Price($)
1 280 $2.58
 

Sellers (Offers)

Price($) Vol. No.
$2.59 88930 2
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Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
PRU (ASX) Chart
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