An interesting blog from Graeme Newling on Friday.
Graeme Newing
BSc (Hons 1) Mineral Technology, Otago 1973 Almost 30 years as a securities analyst in Australia with various stockbrokers.
www.newingonstocks.com
Repurchase of FGR
Friday 10 June
Today I repurchased at 10.5¢ the FGR shares I had sold at 8.5¢ three or four weeks ago. I had thought at the time that the shares had broken key short term support but I subsequently drew another line which suggested the support did not break after all. Duh! One of these days I will get this one right. I love the story but to reduce my risk, the chart has to be my prime input. It’s just that sometimes I misread the signal or it is not clear enough.
I show the daily chart below. I probably should have waited for a break of the resistance at 12¢, but got impatient. Upon such a breakout, of course, it’s an 8 bagger, and the fundamentals suggest this could indeed occur, all going well. We will see.
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Last
5.1¢ |
Change
-0.003(5.56%) |
Mkt cap ! $33.62M |
Open | High | Low | Value | Volume |
5.2¢ | 5.2¢ | 5.0¢ | $24.56K | 486.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 115242 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 10405 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 115242 | 0.050 |
2 | 76000 | 0.049 |
2 | 63000 | 0.048 |
1 | 76000 | 0.046 |
1 | 111111 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 151886 | 3 |
0.056 | 214352 | 3 |
0.057 | 129000 | 1 |
0.058 | 25000 | 1 |
0.059 | 436509 | 1 |
Last trade - 15.52pm 28/06/2024 (20 minute delay) ? |
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