$PRU - PERSEUS MINING - Short term opportunity?

$PRU - PERSEUS MINING - Short term opportunity?

Might be worth a look on Monday. It traded the whole range on Friday with seller depth eventually overwhelming and exhausting the buyers. There is still some volume there and it's pretty close to the bottom end of the resistance area so if it heads up on the open there are a few points there for the quick win. If it breaks out there is more opportunity as well. I'd like to see my ADX stronger though to confirm momentum but worth a watch.

About Perseus Mining

Perseus Mining Limited is engaged in mining operations and sale of gold, mineral exploration and gold project evaluation and development in the Republics of Ghana, Cote d'Ivoire and Burkina Faso, in West Africa. The Company's segments include Australia, Ghana and Cote d'Ivoire. The Australia segment is engaged in investing activities and corporate management. The Ghana segment is engaged in mining, mineral exploration, evaluation and development activities. The Cote d'Ivoire segment is engaged in mineral exploration, evaluation and development activities. The Company holds over 90% of Edikan Gold Mine (EGM), approximately 90% of Grumesa Gold Project, over 90% of Yaoure Gold Project and approximately 86% of Sissingue Gold Mine. It has commenced exploration at various near-mine prospects, including Bokitsi, Mampong, Pokukrom and the Agyakusu prospecting license. It has also commenced exploration at other prospects in Cote d'Ivoire, including the Mbengue, Mahale and Napie licenses.

Disclaimer

I am guessing and the market lies.

Comment:

Great run so far

Comment:

PRU looks to be lining up for another go at $1.60