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
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $57.23M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 16.0¢ | $29.81K | 179.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 508539 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 24367 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 508539 | 0.160 |
5 | 340430 | 0.155 |
11 | 371203 | 0.150 |
6 | 416396 | 0.145 |
9 | 634618 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 24367 | 2 |
0.175 | 20000 | 1 |
0.180 | 233447 | 5 |
0.185 | 324663 | 10 |
0.190 | 526500 | 3 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
17.0¢ |
  |
Change
-0.005 ( 2.86 %) |
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Open | High | Low | Volume | ||
16.8¢ | 17.0¢ | 16.3¢ | 53824 | ||
Last updated 15.27pm 14/05/2024 ? |
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5GN (ASX) Chart |