Perseus Mining

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Tricklar Trend

Score

-2.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 11 41.0 0.36% 0.57% 13.1% -8.3% -5.4%
SHORT 11 25.5 0.09% 0.10% 7.9% -9.2% -84.4%

Summary

Technical Analysis

Perseus Mining (PRU.AX)


Indicator:

TRICKLAR TREND


Last Signal:

BULLISH


Trading: BUY @ $0.6
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Perseus Mining (ASX:PRU) is in an uptrend in the medium term timeframe. The current rally number is 8 & the highest rally count for the LTM is 46. The highest rally for the month is 16



The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;


PROFILE: Perseus Mining (PRU.AX)


Stock Exchange: ASX
Company: Perseus Mining
Ticker Codes: | PRU.AX | ASX:PRU |

About Perseus Mining (ASX:PRU):

Perseus Mining Limited engages in the exploration, evaluation, development, and mining of gold properties in West Africa. It holds interests in the Edikan gold mine comprising 480 square kilometers of tenements located in the Republic of Ghana; SissinguÚ gold mine covering an area of 885 square kilometers located in C¶te d'Ivoire; BÚlÚ Gold Project located in C¶te d'Ivoire; and YaourÚ gold project located in central C¶te d'Ivoire. The company was incorporated in 2003 and is based in Subiaco, Australia.

Top 10:

Tricklar Trend

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