My tech analyst mate warned me a Hindenburg Omen was generated by the markets on Monday. I tend to believe the fall across the board id due to US 30 year treasuries hitting a 3 month high at the same time.
Whatever it is, the bottom has fallen out of high risk stocks this week.
But I've seen worse- one of the biggest mistakes I made was bailing out during the GFC. The stocks I owned all came back within about 3 years and it took me years to recover the situation with 33% or so of cash I'd salvaged from my pre GFC position.
If you believe AXE has a future you just have to hold on.
AXE chart, page-193
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Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $62.43M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 23.5¢ | $35.01K | 145.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 17703 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 61751 | 3 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| AXE (ASX) Chart |