I've noticed the buy backs have been getting bigger over the past couple of weeks. Nice. I like companies which shrink (or keep the same) the number of shares on issue year-after-year. I'm suspicious of companies which keep increasing the number of shares floating around.
I have no idea about technical analysis but I could imagine the share price dropping to a teasing $3.01 or $3.02, and hovering there for a few days, then after a bad night on Wall Street, it drops 5% and is suddenly straight into the $2.80s. Maybe I am over-thinking things.
I read in an article recently that share prices follow what happens in the US; whereas commodity prices follow what happens in China.
All the analysis in the world does not help if there's a couple of bad nights on Wall Street and the ASX is down 3% in two days. S32 shares would likely be punished. As I wrote yesterday, the only way I feel I can win is by ignoring the noise and use my cash reserves to buy in increasingly larger sized parcels if/when the share price hits lower price points. I'm happy to collect 5% on a term deposit in the short term, but sub-$3.00 S32 shares are a much better long term investment than a term deposit -- only in my opinion.
If something unexpected happened....like Biden suddenly taking sick, we'd drop like a stone, just like everything else. I remember what happened when President Trump contracted Covid and the market went crazy for a couple of days. I don't wish him ill, but that really would be a buying opportunity!
Anyway, I am always interested to see T.A. graphs. I know nothing about it and find it a totally different perspective of a company I am researching. Thanks for posting it.
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Last
$3.19 |
Change
0.110(3.57%) |
Mkt cap ! $14.44B |
Open | High | Low | Value | Volume |
$3.18 | $3.21 | $3.16 | $66.37M | 20.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 45827 | $3.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.20 | 42309 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10657 | 3.190 |
1 | 1500 | 3.180 |
4 | 19659 | 3.170 |
3 | 19768 | 3.160 |
3 | 28319 | 3.150 |
Price($) | Vol. | No. |
---|---|---|
3.200 | 14500 | 1 |
3.210 | 57561 | 12 |
3.220 | 21754 | 7 |
3.230 | 25319 | 2 |
3.240 | 47361 | 7 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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