The trouble is, on the other side, the institutions know exactly what to do, to trigger sells based on charts and stop losses.
So they repeat this strategy every day.
But if you held this stock for 2 years, you would have gained from circa 20 cents per share to now $10.
Even if you had a $1,000 placed on CHN shares @ $0.20 per share, 2 years ago - your investment today, would be valued at circa $50,000.
Unfortunately, I was not that lucky in the timing: I paid $1 to $3 plus, per share, and bought more recently, when it pulled back around $6.
Still, I am not complaining. Its much better than term deposits.
CHN chart, page-1410
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Last
99.0¢ |
Change
-0.060(5.71%) |
Mkt cap ! $386.1M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.02 | 98.0¢ | $1.828M | 1.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 104333 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 50726 | 18 |
View Market Depth
| Last trade - 12.01pm 04/09/2024 (20 minute delay) ? |
| CHN (ASX) Chart |