YES AND NO. trading is not a precise science. but i will elaborate.
the last buy was because of the leak, its been trading in a band of 2.5c then it ran up, its done this before. hence that rationale for this buy...conversely you had a chance to buy it at 3.6c when it ran up....
and YES, i tend to buy on breakouts after consolidation. thats a majority of the way i do it...
but in another instance with ESI, when the SP was smashed to low 2s early this year i bought because i thought the CON note holder was responsible for the SP falling from 3.5c to 2.1c/
you will find, its hard just to have 1 rule for all and sundry, but generally the charts lead the way, sometimes i go on news and instinct....
your correct i dont think i will pick up much stock today if any, i will wait for something to start happening, closer to news, the chart is not saying to put in serious capital, but i may just put in a small amount, just to have a voice...but it will be under 5% of any position i do take.
I think its better to be open, than just say, buy and hold for 15c, you might win tattslotto before anything happens with this stock....
PS i thnk 2.1c to 2.5 is the band next, but we have a raisign coming up, so thats why you need to be careful and not go all in!
Cheers and happy trading
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $74 | 37K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
53 | 29910250 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 11618791 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
53 | 29910250 | 0.002 |
29 | 39986532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 11618791 | 23 |
0.004 | 5761488 | 9 |
0.005 | 3716859 | 24 |
0.006 | 5155234 | 9 |
0.007 | 918333 | 2 |
Last trade - 10.02am 11/09/2024 (20 minute delay) ? |
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