Hi Telamelo
Some of the best calls I have made is when the technicals are weak. If you believe in your FA , then sometimes waiting for TA to improve and give you buy signal means you left a big % of return on the table . I will show your for illustrative pursposes only .
I have a 100k to invest and I can buy now or wait for TA to confirm trend change and buy .
let’s assume I don’t wait and buy now. I would buy 208333 shares
Investor B waits for TA buy confirmation and buys at 57 ( making it up ) they buy 175438
now both investor A and B are correct that MGX was undervalued and it steadily trades up to 1 dollar
investor A makes 108% vs investor B who makes 75% They likelihood is return will be even greater as investor A will also get higher dividend income .
so my point is waiting for charts to trigger a buy sometime results in a poorer return outcome as all you are waiting for is the valuation gap to narrow.
I am assuming one possesses skills to make a strong FA call
- Forums
- ASX - By Stock
- MGX
- MGX Chart/Technical Analysis
MGX Chart/Technical Analysis, page-2
- There are more pages in this discussion • 237 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
44.0¢ |
Change
0.005(1.15%) |
Mkt cap ! $534.5M |
Open | High | Low | Value | Volume |
43.5¢ | 44.5¢ | 43.5¢ | $178.2K | 404.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 240727 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 436449 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 220023 | 0.435 |
8 | 110817 | 0.430 |
9 | 96121 | 0.425 |
8 | 174839 | 0.420 |
1 | 10000 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 426449 | 3 |
0.450 | 252527 | 4 |
0.455 | 222246 | 5 |
0.460 | 182847 | 4 |
0.465 | 239000 | 4 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
44.0¢ |
  |
Change
0.005 ( 0.57 %) |
|||
Open | High | Low | Volume | ||
44.0¢ | 44.5¢ | 43.5¢ | 123351 | ||
Last updated 15.58pm 03/05/2024 ? |
Featured News
MGX (ASX) Chart |