I agree with both of you in parts. I think charting works best and is a more reliable indicator on large cap stocks and a charts' reliability on a small cap developer can be reduced.
With MYG I use fundamentals as the sole basis of my investment decisions. Theres been a big change in market cap vs share price over the last 3 years and the charts don't pick that up. I think a small cap like UML (I use only because I know UML well) is a different story because until recently they have had 500M shares on issue and that's it, a bit more continuity to rely on.
In my opinion MYG has too many near term and medium term announcements and milestones to rely on charts.
Both are handy in certain circumstances.
Busting
I agree with both of you in parts. I think charting works best...
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Last
71.0¢ |
Change
-0.050(6.58%) |
Mkt cap ! $64.48M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 76.0¢ | 68.0¢ | $117.6K | 165.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4166 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.5¢ | 4974 | 2 |
View Market Depth
| Last trade - 11.35am 28/08/2024 (20 minute delay) ? |
| MYG (ASX) Chart |