I never understand these technical analysts, so within the next 6 weeks when results come out and the market assess the performance of the company this technical analysis is going to count for nothing because results will either be stronger and it will be re-rated or results will be poor and it will be dumped.
I personally believe the former.
I remember late last year around the same time i bought gem I had also bought mnf, it was trading around $1.35 and this technical analyst was on tv saying they wouldnt touch mnf wait till it gets down to $1.13ish.
MNF never traded below that $1.35, and it now trades at around $2.60. glade i didnt listen to that advice.
As always DYOR.
EDIT: I no longer own shares in MNF
G8 losing Momentum?, page-2
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Last
$1.29 |
Change
0.005(0.39%) |
Mkt cap ! $1.040B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.30 | $1.28 | $1.222M | 951.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5295 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 31405 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| GEM (ASX) Chart |