I like to base my investing on fundamentals rather than technical analysis. Given I currently hold NUF as an undervalued situation, the following comments could influence some chart followers, but not fundamentalists. Looking at my chart on NUF, I believe a sale above say $10.10 would break the recent downturn started from the recent high of $14.46 on 5/5/2009. Its amazing the number of chart followers who watch for these downturns to be broken before making a purchase or entering into a stock.
Personally I like fundamentals to guide me to a stock & may be charts to show my exit. Recently I have used charts to exit companies I consider have good fundamentals, only to buy back cheaper again after the downturn has finished.
Given the way NUF can open, may be $10.10 can be broken tomorrow, & we are joined by a whole new band of chartists in NUF.
Regards
Buffett
PS Chartists don't care about the weather or weeds only their graphs!
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Last
$4.52 |
Change
0.045(1.01%) |
Mkt cap ! $1.726B |
Open | High | Low | Value | Volume |
$4.52 | $4.53 | $4.49 | $714.7K | 158.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
58 | 13241 | $4.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.52 | 12719 | 40 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
52 | 10783 | 4.510 |
23 | 14538 | 4.500 |
14 | 15685 | 4.490 |
12 | 18557 | 4.480 |
10 | 14749 | 4.470 |
Price($) | Vol. | No. |
---|---|---|
4.520 | 12768 | 40 |
4.530 | 24950 | 21 |
4.540 | 15538 | 13 |
4.550 | 26357 | 9 |
4.560 | 50116 | 9 |
Last trade - 15.04pm 11/07/2024 (20 minute delay) ? |
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NUF (ASX) Chart |