Not being a holder I'm sure most of your readers wonder why you bother to take so much time to post such cynicism. We're not all lemmings. And BTW the SP is not at an all-time low. It 1st traded @ its current 2.2 low back in March 2020, formed a double bottom at that price on 24 April comfortably reached 5.0 for all ST traders.
Since then it has formed a "quintuple" bottom in the last 3 months which importantly began with its low of 2.0 back in Nov 2020.
From TA which I began training in 20+ years ago, the longer you have a bottoming or sideways pattern developing - now in this stock's case being 10 months - the greater the price rise when it breaks out above the highest SP reached during the course of the latest bottoming pattern - in TEG's case being 4.0c between 03 & 07 May last.
If I was a ST trader and I had the cash I'd be buying this stock at its present low.
Does anyone else agree with me?
TEG CHART looking to BREAKOUT HIGHER --- UNDERVALUED??, page-111
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.56M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $15.74K | 2.249M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 400141 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 5739601 | 19 |
View Market Depth
| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| TEG (ASX) Chart |