44 cents is a nothing burger as far as a bottom or moving...

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rastus64

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15/01/21

11:26

Post #: 50190741
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Originally posted by MrLong2019: ↑

Watch it again finish in the green today? Are you on drugs?

You need to learn about what Technical Analysis is, because it can help you make wiser investment choices - both long and short term.

As for being wealthy, that can come from making mistakes too. To that extent, doing my own research and refusing to accept the content in the “rosy announcements” released by almost every company these days, has allowed me to make fewer investment errors.

But only when I combined my own research with sound principles of Technical Analysis, did my investment error rate fall to almost nil.

Now onto your claim that this stock will rise by 125% by Australia Day or you’ll eat your hat.. I acknowledge that anything is plausible when you’re an upramper.

If you remove your emotions from the equation and utilise Technical Analysis, you will find a share price that is in free fall to the 100 day moving average at 44 cents.That level wouldn’t be half bad for a new investor considering the 74 cent capital raising price in December, would it?

But when it’s all said and done, nobody should forget those wretched uprampers, who talked this stock up at 1.02 in December without a care in the world for new investors - who now nurse losses of 50%.
Good luck to all.

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44 cents is a nothing burger as far as a bottom or moving average goes. If it does tank (low risk)the real number to watch is 35 - 36 cents.

AZS Price at posting: 50.0¢ Sentiment: Hold Disclosure: Held
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44 cents is a nothing burger as far as a bottom or moving...

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Rex Minerals soars 60% on $390M Indonesian buyout deal from MACH Australia

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