The downtrend will continue until there is a change of sentiment. That will happen when we get an earnings upgrade.
There is no point of buying every dip and getting excited about a small rally now and then.
Obviously, after every sellout, there is a short pause, a dead cat bounce. And then in continues...
Energy stock like this can have a peak to bottom 1:20 in a cycle. I would not be surprised SP goes down to 2$, and back to previous peak in the next 10 years.
It's just money, a number on the screen. If stock market is too stressful, get a mortgage. Those can be pretty predictable. Though, you'll buy one house for yourself and another one for the bank.
AGL Chart, page-174
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Last
$11.47 |
Change
-0.270(2.30%) |
Mkt cap ! $7.716B | |||
| Open | High | Low | Value | Volume |
| $11.64 | $11.67 | $11.45 | $26.40M | 2.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $11.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.47 | 7447 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| AGL (ASX) Chart |