In this market I'd be sitting on the sidelines until it has clearly bottomed - and we're not there yet.
Many suggested this had bottomed at $50, and a week ago I felt that may have been the case but I wanted it to hold there for a few days before buying in.
I'm now glad I waited, and will continue waiting until the trend reverses. While that means I won't be buying in right at the bottom, at least it means that the share price will be monving in the right direction once I invest.
With the amount of volatility in this market at the moment I think the sideline is the safest place to be in most cases - you need to make sure you preserve your capital before you can start to think about making profits.
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Last
$301.65 |
Change
-2.910(0.96%) |
Mkt cap ! $19.72B | |||
| Open | High | Low | Value | Volume |
| $304.60 | $306.79 | $301.65 | $48.75M | 160.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 288 | $301.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $303.15 | 33 | 1 |
View Market Depth
| Last trade - 16.10pm 02/07/2025 (20 minute delay) ? |
| COH (ASX) Chart |