One important thought I missed to post. From my observation if the stock is way oversold, there are always chances of continuous downtrend only if fundamentals have changed. Opposite is true when a stock appears way overbought on the back of fundamental changes and keeps going up for re-rate. If no change of fundamentals, it surely follows cyclical trend of peaks and troughs; from oversold to overbought then back to oversold. Each and every stock I have owned over the years followed this pattern.
Again all on my humble opinion which may completely be wrong
Ann: Third Quarter Report FY 2016/17, page-13
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PCK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.9¢ |
Change
0.001(3.57%) |
Mkt cap ! $47.43M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $19.97K | 697.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1419145 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 206943 | 1 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| PCK (ASX) Chart |