Exactly. Every other DCB has had "signs of a bottom" as well.
Why obsess about whether this is "it"? It might be - whether it is or not has yet to be determined. LOL, I don't get it - if there is a confirmed trend reversal and a bottom is "in", is it no longer a buy because you missed scooping it up at the bottom of the barrel?
a) Buy @ $5.50 on a low timeframe upswing within a macro downtrend, on the conviction that 11th time's the charm, or:
b) Buy @ 6.90 off a $5 bottom, but within a developing macro uptrend.
I suppose a) is a viable option if you are absolutely convinced of the company's fundamentals and want to DCA in, but it's a riskier strategy than exerting some patience and waiting for the charts to give the all clear. But that's just me - I've learned the hard way absolute conviction in any company/ asset is a dangerous thing.
Obviously this is directed at anyone looking to open a position. Anyone holding is clearly going to be preoccupied with where the bottom is!
Chart Update, page-20758
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2151 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 27162 | 5 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |