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
$2.55 |
Change
-0.070(2.67%) |
Mkt cap ! $3.329B | |||
| Open | High | Low | Value | Volume |
| $2.58 | $2.62 | $2.53 | $15.52M | 6.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9615 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 58215 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |