i posted this a while back on the gold thread about what pru can do relative to spot movement, and as i found out then looking at the double bottom in gold spot and taking a position in pru to see a gold bounce to 1400-1300 (17% move,
well anyway what came out of this analysis was that for every 1% move in spot, pru will move 5%.
so far so good, gold up 2% last night you do the maths on pru's closing price, its a shame it opened @ the 10%.
BUT whats interesting is that if the ratio of 5:1 is used as an estimate then the fact PRU has moved 90% since the double bottom in PRU's SP as apposed to a 6% move in gold spot, which then would assume PRU's shareprice is already priced @ a spot price of 1400...
the fact gold has moved 6% from its lows you would expect something more along the lines of 30% gain in PRU SP from its lows, maintaining the 5:1 ratio as a rule of thumb from previous movements in GOLD VS PRU.
anyway, this wont take away from the fact that once gold breaks its short term resistance @ the 1268 area pru still has upside to .63 area with the .42 area of importance as it could be a parabolic move, with .42 being B2.
- Forums
- ASX - By Stock
- PRU
- outstanding value
outstanding value, page-21
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRU (ASX) to my watchlist
|
|||||
Last
$2.64 |
Change
0.130(5.18%) |
Mkt cap ! $3.627B |
Open | High | Low | Value | Volume |
$2.64 | $2.66 | $2.60 | $15.57M | 5.910M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13433 | $2.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.65 | 124619 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 75975 | 2.630 |
3 | 72888 | 2.620 |
4 | 89943 | 2.610 |
3 | 74950 | 2.600 |
1 | 10829 | 2.590 |
Price($) | Vol. | No. |
---|---|---|
2.650 | 82400 | 5 |
2.660 | 45497 | 11 |
2.670 | 73638 | 4 |
2.680 | 52466 | 6 |
2.690 | 24237 | 4 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
PRU (ASX) Chart |