Hi Telamelo
Some of the best calls I have made is when the technicals are weak. If you believe in your FA , then sometimes waiting for TA to improve and give you buy signal means you left a big % of return on the table . I will show your for illustrative pursposes only .
I have a 100k to invest and I can buy now or wait for TA to confirm trend change and buy .
let’s assume I don’t wait and buy now. I would buy 208333 shares
Investor B waits for TA buy confirmation and buys at 57 ( making it up ) they buy 175438
now both investor A and B are correct that MGX was undervalued and it steadily trades up to 1 dollar
investor A makes 108% vs investor B who makes 75% They likelihood is return will be even greater as investor A will also get higher dividend income .
so my point is waiting for charts to trigger a buy sometime results in a poorer return outcome as all you are waiting for is the valuation gap to narrow.
I am assuming one possesses skills to make a strong FA call
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $444.6M |
Open | High | Low | Value | Volume |
36.5¢ | 37.0¢ | 36.3¢ | $212.5K | 580.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 183328 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 200697 | 35 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 183626 | 0.365 |
16 | 311848 | 0.360 |
10 | 192883 | 0.355 |
12 | 216220 | 0.350 |
7 | 100263 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 207716 | 36 |
0.375 | 76461 | 5 |
0.380 | 125092 | 8 |
0.385 | 54386 | 3 |
0.390 | 166981 | 5 |
Last trade - 13.12pm 25/07/2024 (20 minute delay) ? |
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MGX (ASX) Chart |