Why not? If you still have a good understanding of where the company is at and why the market may be valuing it so. And you have confidence that there are events on the horizon that should the company valued differently.
Have a look at the chart for Pilbara Minerals. Thats what a reversal from a long term down-trend can look like.
General discussion, page-120
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $15.62M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $2.375K | 220.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4936365 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 247382 | 1 |
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| Last trade - 15.30pm 18/07/2024 (20 minute delay) ? |
| AJX (ASX) Chart |