A well timed entry.
Here is my trading chart for PRU. From 2018 and 34c.
You can see how it took 2 months for the trend to crack - between July and Sept. Once it went there was capitulation.
Timing a bottom in these situations is difficult with the sell-down depth difficult to predict or calculate as support has gone.
This is when sentiment comes in handy for timing an entry.
Currently setting up a target - current minimum of $3.66 - before we see a lower low on this chart.
Expecting a reversal to cap the current run and establish the target. In a bull market phase, at least 80% of targets are hit.
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Short term chart is a bit of a mess.
I am a long term holder so no re-entry. I would have entered around $1.425 a little early, depending on sentiment.
The double top did the breakdown damage.
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Last
$2.47 |
Change
-0.110(4.26%) |
Mkt cap ! $3.398B |
Open | High | Low | Value | Volume |
$2.46 | $2.50 | $2.42 | $7.558M | 3.079M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 296400 | $2.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.48 | 20648 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 296400 | 2.470 |
1 | 8807 | 2.460 |
7 | 24394 | 2.450 |
4 | 73465 | 2.440 |
4 | 33321 | 2.430 |
Price($) | Vol. | No. |
---|---|---|
2.480 | 16648 | 3 |
2.490 | 62609 | 2 |
2.500 | 45221 | 3 |
2.510 | 8807 | 1 |
2.520 | 8807 | 1 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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