Full disclaimer - I've commenced building a long-term position lately and will continue to monitor for further opportunities.
I recall when the intelligent Investor released a broker note on MFG back in December 2021 with BUY < $45.. watched this stock since and it's astonishing to see what's happened.
I don't usually peruse monthly charts too often but this one piques the interest. I just can't help but feel that in 3-5 years time, you might be looking back at the one opportunity there was to accumulate <$9 - and it was in 2023.
Monthly:
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Monthly RSI has been smashed down to oversold for the best part of 18 months.The weekly chart is also interesting - after the RSI went into way oversold in early 2022, it's been rising steadily since while the share price has continued to tumble - until only recently where a few things are starting to suggest a base may be forming including the very recent 50/200 cross on the weekly.
Weekly:
Daily:
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- At what point does one consider accumulating?
Full disclaimer - I've commenced building a long-term position...
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Last
$9.02 |
Change
-0.200(2.17%) |
Mkt cap ! $1.627B |
Open | High | Low | Value | Volume |
$9.20 | $9.22 | $8.97 | $5.042M | 556.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2043 | $9.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.07 | 5280 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2043 | 9.010 |
3 | 6574 | 9.000 |
4 | 10152 | 8.980 |
3 | 5354 | 8.970 |
1 | 1717 | 8.960 |
Price($) | Vol. | No. |
---|---|---|
9.070 | 5280 | 3 |
9.090 | 2805 | 1 |
9.100 | 2805 | 1 |
9.120 | 2805 | 1 |
9.180 | 60 | 1 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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MFG (ASX) Chart |