MGT 3.45% 30.0¢ magnetite mines limited.

MGT Chart 2021, page-235

  1. 2,694 Posts.
    lightbulb Created with Sketch. 1756
    I am no master my friend haha, I like everyone learn something new every day.

    You shouldn't use TA as a basis for investment decisions, FA and your own due diligence should be deciding factors to invest in a company and with that said you should actively look for reasons not to invest to avoid confirmation bias.
    TA can help you understand how a company has been traded and potentially indicate tops/bottoms of
    trends.

    If you are a absolute beginner i suggest start with candlesticks and price action analysis, understand how they work and research the potential outcomes and thresholds of the patterns they create.
    Next is indicators, simply put there is 2 categories of TA indicators Lagging and Leading, consisting of 4 types of indicators Trend, Momentum, Volatility and Volume.
    A couple examples of these and how they fit in the above types.
    *Moving Averages, MACD (Trend)
    *STOCH, RSI, UO (Momentum)
    *Bollinger Bands, C (Volatility)
    *Volume by price/rate of change (Volume)
    As with all indicators they should not be used in isolation but rather as apart of your complete trading strategy and in conjunction with other technical indicators and forms of analysis.

    Hope this helps you get a start.
    Always DYOR

    Kind regards

 
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Last
30.0¢
Change
0.010(3.45%)
Mkt cap ! $29.53M
Open High Low Value Volume
29.0¢ 30.5¢ 29.0¢ $33.48K 113.1K

Buyers (Bids)

No. Vol. Price($)
1 8000 29.5¢
 

Sellers (Offers)

Price($) Vol. No.
30.0¢ 5292 2
View Market Depth
Last trade - 15.35pm 19/07/2024 (20 minute delay) ?
MGT (ASX) Chart
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