PRU 0.56% $2.68 perseus mining limited

There it is again, the dreaded gravestone doji yet again, but...

  1. 1,036 Posts.
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    There it is again,
    the dreaded gravestone doji yet again, but even more bearish than before with a lower small red bar/body of 0.5c, a 2.0c shot/wick and a bearish tail of 0.5c under that.

    And again like last few days closed bearish on daily lows lucky not to close at 41.0c. ChiX closed at 41.25 a bit lower. the onscreen volume on the match again very light meaning no real retailers or INSTO buyers willing to sit onscreen.

    for those who dont understand candle and chart patterns these gravestone patterns (aka inverted hammer/shooting star) are with or without exact points so thats why this pattern is defined as a "long wick well exceeding the body/tail", the fact there is a small bar or small tail/wick is irrelevant as some dont seem to understand with chart analysis.

    Looks headed to support at 38.5-39.5c which is the completion of the bimonthly rounding top pattern since 15 Jan. I cant see them letting it drop below that but may want to shakeout some weak longs and stop losses before the next ramp up in Q4.
    Au price drop again 1317 with another lower high 1331 and lower low 1305 (next one is below 1305) on the annual chart to confirm the new short term bear trend.

    So wheres @h00ts & @colinchi hiding?
    current tally -
    samboy 13 of 14
    h00ts 0 out of 2
    collinchi 2 out of 11
 
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