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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MGX
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MGX Chart/Technical Analysis, page-2
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Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $442.6M |
Open | High | Low | Value | Volume |
37.5¢ | 38.5¢ | 37.0¢ | $581.8K | 1.541M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 90400 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 47216 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 90400 | 0.370 |
3 | 106164 | 0.365 |
3 | 114600 | 0.360 |
2 | 17888 | 0.355 |
3 | 170000 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 47216 | 2 |
0.380 | 20500 | 2 |
0.385 | 88320 | 3 |
0.390 | 259092 | 9 |
0.395 | 256057 | 2 |
Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
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MGX (ASX) Chart |