Interesting perspective Mickeebee. Maybe when I was younger I was a bit the same, and had a similar view. I have always been a fundamentalist, and it's served me well.
BUT with the passing of time I have widened my blinkers somewhat. Perhaps that's because whilst I know the fundamentals control the valuation, I've realised the market seems to consistently be at odds with the valuation - that I believe can be explained by the people's (ie market) emotions. That can probably be more effectively displayed by the charts.
So nowadays, whilst I rely on my fundamental view, I'm also looking at the charts, and very happy to hear from the more technical savvy chartist, to get a reading on "market sentiment".
But everyone is different - that's what makes a market.
(From an amateur chartist my view is MAY is going UP, but the next announcement might give us more of an idea - and it might be tomorrow.)
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Interesting perspective Mickeebee. Maybe when I was younger I...
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $74.14M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.1¢ | $444.7K | 19.98M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2048367 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 1402823 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2048367 | 0.022 |
25 | 2873874 | 0.021 |
30 | 4634745 | 0.020 |
11 | 1388627 | 0.019 |
3 | 535055 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 1402823 | 5 |
0.024 | 3142174 | 9 |
0.025 | 3859683 | 6 |
0.026 | 326965 | 4 |
0.027 | 2632940 | 7 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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MAY (ASX) Chart |