5GN is a stock I’ve been watching (and now wishing I had been trading!). It’s relatively short listing history makes charting analysis a little challenging. While I’d like to see a pullback before buying in – and I may have already missed the bus – it looks good.
Most likely on Elliott Wave 3 which is the longest and strongest rising wave. Is in a technical uptrend and making higher lows and highs. If you had seen the break of downtrend back in 2018 and used the trading rules I applied – you would have had to wait 6 months to get an entry. It would have been a worthwhile wait as those trading rules gave a 150% profit over about 8 months. The next downtrend was broken by a ‘sucker rally’ which my rules saw a break even trade or small loss after brokerage. The next downtrend break trade is the current rally which is up 130% from my theoretical entry. The green and red horizontal lines mark my theoretical buy in and exit points based on trading rules.
Oh well – I’ll need to keep a closer watch on 5GN going forward.
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $46.96M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 15.0¢ | $54.27K | 358.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 6751465 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 1929732 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 6751465 | 0.150 |
5 | 1837948 | 0.145 |
5 | 168180 | 0.140 |
2 | 14821 | 0.135 |
2 | 15398 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 1583245 | 20 |
0.160 | 706955 | 13 |
0.165 | 227845 | 3 |
0.170 | 489284 | 4 |
0.175 | 52258 | 3 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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5GN (ASX) Chart |