Don't get me wrong, I am not someone who trades in and out of stocks. Fundamentally I still want to own great companies over the long haul. I just use TA as a secondary tool to optimise my buy price and give me a better idea of what is likely to happen in the short term.
Jaguar, you didn't really say WHY you thought it was a good looking chart. That's what I wanted to know. For mine, it still remains in a sustained downtrend. I continue to buy as it hits the support line. I retain my view that it could be a great investment over the long term (possibly 10x within 5 years), so I keep my view that it is a HOLD and to buy on the dips. It looks to me like the next time it hits the support line will be ~$1.00 in the next week or so, unless there is a big announcement to push it up. Also keep in mind that they only IPO'd at $0.73 in August last year (and yes I know they have raised at $1.55 since, but I think this was slightly opportunistic tbh, and good on them for that).
On a side note, they haven't actually secured a contract with the DoD yet. They've been granted a streamlined process for securing contracts. There's a big difference there. It just means they are essentially an authorised vendor now in their system (which is great news), so general contract T&Cs would be agreed on both sides. It will still take a while to go through a procurement phase, agree pricing and get their product to be used. I wouldn't be expecting anything out of that this year.
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Last
44.0¢ |
Change
-0.010(2.22%) |
Mkt cap ! $180.6M |
Open | High | Low | Value | Volume |
45.0¢ | 45.5¢ | 43.5¢ | $140.5K | 315.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2990 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 18994 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2990 | 0.440 |
5 | 24791 | 0.435 |
4 | 48300 | 0.430 |
2 | 24964 | 0.425 |
2 | 60300 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 18994 | 1 |
0.460 | 40000 | 1 |
0.500 | 19555 | 2 |
0.510 | 9802 | 1 |
0.520 | 26944 | 4 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
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