I never know the bottom ha! if I didn't I wouldn't be working a 9-5!
I always wait for price consolidation for a period of a few days. I have to be able to see low volatility and the market agree on the new floor prior to jumping back in.
the graph I've thrown up a few times shows consolidation every time prior to the rallies but this consolidation always occurs after the bottom.
so I miss the bottom but I never get burned...depending on your risk profile you can either try to catch the knife or enter from a more comfortable position. each to their own
Chart - Z1P, page-791
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Last
$1.78 |
Change
-0.035(1.93%) |
Mkt cap ! $2.246B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.81 | $1.74 | $30.57M | 17.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 110725 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 29116 | 4 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |