I remember when I was a kid we had a red cracker with a...

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bweerniedeed

408 Posts.

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15/03/18

23:57

Post #: 31792846
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Originally posted by Samboy69 ↑

Yet another red bar day with double longer wick, thats 4-5 in a row, havent seen that in 12 months in PRU since the 64c -30c collapse.
And yet another bearish close on daily lows with again elevated volume 5.5M, someone is shorting and capping PRU and we saw this on the shoots at annual highs that all got sold down in high volume
closing bids more light now at 41.5c than last few days
The mini wall at 41.5c is cracking. TIMBER!!!

As for RSG I consider PRU a better stock than RSG at double the market cap/same production but market doesnt see it that way, yet.

Also the SLR correlation has widened to 6.5c so either SLR is too cheap & will rise or PRU is too expensive & will drop further as the market values the difference as Sissingues value at around 4-5c per share (pathetic undervaluation, I know). So if SLR is 35c today and went down PRU should be at 39c considering their multiyear dance.

The INSTOs both pumped these two stocks to 44c at the same time mid Jan with hourly co-ordination. Now they are both going down and SLR has gone down a lot more than PRU so either PRU will follow or SLR will rise (despite it being well above its biannual lows of 14c), another reason for me to think PRU will go down.

If SLR rises PRU may stay flat and start rising again, if SLR stays flat or goes lower PRU will also.

These INSTOs have left clues as to what they are up to. And the SLR correlation trade is a bearish sign for me as its a peer trade with the same shareholders/INSTOs involved in both.
The bearish daily chart patterns in PRU are a bigger sign though.
No dragonfly in sight just lots of red bars and gravestones/unsupported shoots.

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I remember when I was a kid we had a red cracker with a double-bunger wick and it would be a big bang. The way you describe that red cracker with a double-bunger wick, Samboy, I'm tipping PRU to explode.

PRU Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.68		Change -0.015(0.56%)		Mkt cap ! $2.265B

Open	High	Low	Value	Volume
$2.61	$2.70	$2.61	$6.595M	2.473M

Buyers (Bids)

No.	Vol.	Price($)
55	148733	$2.67

Sellers (Offers)

Price($)	Vol.	No.
$2.68	55585	62

View Market Depth

No.	Vol.	Price($)
2	33681	0.500
3	87208	0.495
2	56480	0.490
7	146398	0.485
8	213601	0.480

Price($)	Vol.	No.
0.505	47724	3
0.510	233926	9
0.515	106362	5
0.520	145490	7
0.525	89084	4

Last trade - 15.00pm 18/12/2024 (20 minute delay)

PRU (ASX) Chart

I remember when I was a kid we had a red cracker with a...

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