I like to base my investing on fundamentals rather than technical analysis. Given I currently hold NUF as an undervalued situation, the following comments could influence some chart followers, but not fundamentalists. Looking at my chart on NUF, I believe a sale above say $10.10 would break the recent downturn started from the recent high of $14.46 on 5/5/2009. Its amazing the number of chart followers who watch for these downturns to be broken before making a purchase or entering into a stock.
Personally I like fundamentals to guide me to a stock & may be charts to show my exit. Recently I have used charts to exit companies I consider have good fundamentals, only to buy back cheaper again after the downturn has finished.
Given the way NUF can open, may be $10.10 can be broken tomorrow, & we are joined by a whole new band of chartists in NUF.
Regards
Buffett
PS Chartists don't care about the weather or weeds only their graphs!
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Last
$4.53 |
Change
0.060(1.34%) |
Mkt cap ! $1.731B |
Open | High | Low | Value | Volume |
$4.52 | $4.53 | $4.49 | $2.495M | 551.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5792 | $4.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.54 | 9941 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5169 | 4.510 |
5 | 4107 | 4.500 |
2 | 3251 | 4.490 |
3 | 2076 | 4.480 |
3 | 8102 | 4.470 |
Price($) | Vol. | No. |
---|---|---|
4.540 | 3000 | 2 |
4.550 | 13995 | 5 |
4.560 | 3196 | 2 |
4.570 | 798 | 1 |
4.580 | 798 | 1 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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NUF (ASX) Chart |