What you are saying is pretty true when talking about secular bear markets, however it isn't correct for cyclical bears. While no one can be certain whether this is a secular or cyclical bear, the fact is we bottomed(so far at least) the day the US states started locking down. The reason is that then put a reasonably defined time line on how long the virus issue would last. My opinion is we've seen the low, while we may retest or even slightly undercut it, I don't think we're going to see another major leg down. Months of sideways chop the most likely scenario for the index while it grinds out a base and during this time the new market leaders will make some big moves
Having said that, my opinion doesn't influence the way I approach trading/investing, I take on small amounts of risk and only add more once my stops are raised so I'm protected if my opinion turns out to be wrong.
I still don't like DUB lol
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Last
3.4¢ |
Change
0.002(6.25%) |
Mkt cap ! $31.38M |
Open | High | Low | Value | Volume |
3.2¢ | 3.4¢ | 3.1¢ | $25.94K | 808.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 499074 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.032 |
1 | 60000 | 0.031 |
4 | 58185 | 0.030 |
5 | 576039 | 0.029 |
2 | 150000 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 499074 | 3 |
0.035 | 500 | 1 |
0.036 | 424183 | 4 |
0.037 | 285000 | 1 |
0.038 | 19628 | 2 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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DUB (ASX) Chart |