5GN 2.94% 17.5¢ 5g networks limited.

5GN is a stock I’ve been watching (and now wishing I had been...

  1. 306 Posts.
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    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.
    https://hotcopper.com.au/data/attachments/2432/2432521-5b7b5459d21e79d4b07d3baef31b003f.jpg
 
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(20min delay)
Last
17.5¢
Change
0.005(2.94%)
Mkt cap ! $59.91M
Open High Low Value Volume
17.5¢ 17.5¢ 16.5¢ $86.54K 505.0K

Buyers (Bids)

No. Vol. Price($)
5 340324 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 788632 9
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
16.5¢
  Change
0.005 ( 2.94 %)
Open High Low Volume
17.5¢ 17.5¢ 16.5¢ 64872
Last updated 14.13pm 28/03/2024 ?
5GN (ASX) Chart
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