Keep your TA simple. Never buy until you see higher highs and higher lows because bottom buying is always risky.
Foregoing a few cents to ensure you have a support line underneath your buy is not only good for your pocket but also good for your health.
Further, the most reliable double bottoms are 6 weeks apart minimum because shorters and those on margin pay monthly on interest. i.e a whole cycle on the risk premium needs to happen and when the piper is paid the position is closed because time is not on these traders side!
Hell if you really dont want to lose money only buy when the 50 crosses the 200...
GLTA
Realistic Outlook for AMI, page-49
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $304.4M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.5¢ | $275.0K | 1.530M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 656462 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 134486 | 4 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| AMI (ASX) Chart |