Full disclaimer - I've commenced building a long-term position lately and will continue to monitor for further opportunities.
I recall when the intelligent Investor released a broker note on MFG back in December 2021 with BUY < $45.. watched this stock since and it's astonishing to see what's happened.
I don't usually peruse monthly charts too often but this one piques the interest. I just can't help but feel that in 3-5 years time, you might be looking back at the one opportunity there was to accumulate <$9 - and it was in 2023.
Monthly:
.
Monthly RSI has been smashed down to oversold for the best part of 18 months.The weekly chart is also interesting - after the RSI went into way oversold in early 2022, it's been rising steadily since while the share price has continued to tumble - until only recently where a few things are starting to suggest a base may be forming including the very recent 50/200 cross on the weekly.
Weekly:
Daily:
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- At what point does one consider accumulating?
At what point does one consider accumulating?
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Last
$9.92 |
Change
0.070(0.71%) |
Mkt cap ! $1.793B |
Open | High | Low | Value | Volume |
$9.81 | $9.96 | $9.74 | $4.954M | 500.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 251 | $9.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.92 | 1304 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 251 | 9.910 |
1 | 5000 | 9.890 |
2 | 2000 | 9.880 |
2 | 2309 | 9.870 |
3 | 8465 | 9.860 |
Price($) | Vol. | No. |
---|---|---|
9.920 | 1304 | 2 |
9.940 | 3414 | 3 |
9.950 | 3655 | 4 |
9.960 | 2276 | 3 |
9.970 | 1125 | 2 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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MFG (ASX) Chart |
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Nick Poll, Executive Director
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