Some people are leaders, some people are followers. Trends reverse and someone has to be the first to buy.
No one knows when a downward trend will reverse, but what you can know for certain is when the market cap falls below your own assessment of value. That's the Fundamental Analysis reason to buy in a downtrend.
Even if you just look at Technical Indicators, there's still reasons to buy. Trendlines are only one kind of indicator. Another indicator is the stochastic oscillator, it's currently signalling this is a buy according to my software. I'm sure it isn't the only indicator suggesting the sellers will run out of steam soon.
So the short answer is that it depends what indicator you use, how experienced you are, and what your tolerance for risk is.
stochman
- Forums
- ASX - By Stock
- in u we trust
Some people are leaders, some people are followers. Trends...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEN (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.2¢ |
Change
-0.002(2.38%) |
Mkt cap ! $261.3M |
Open | High | Low | Value | Volume |
8.5¢ | 8.6¢ | 8.1¢ | $536.5K | 6.476M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 8.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.082 |
1 | 30001 | 0.081 |
10 | 2384093 | 0.080 |
2 | 10164 | 0.079 |
1 | 100000 | 0.078 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 25000 | 1 |
0.084 | 20000 | 1 |
0.085 | 540000 | 3 |
0.086 | 435698 | 4 |
0.087 | 912531 | 4 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
PEN (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online