looking to go long and strong for the long term. already have a position but I've learnt from bitter experience not to buy into downtrends because you don't know how long and how low the share price could fall. I'd rather deploy my $ into a stock that is up trending rather than buying into stock that may or may not have bottomed or stuck at a very strong resistance and likely to take a considerable period of time to break through.
personally I think MGT has probably bottomed but $1 is likely to be a difficult resistance to break through due to it being 50% of the range and the psychological barrier of being a round number.
stock market investing is such a hard game so I try to stack the odds in my favour by staying away from downtrends and going with uptrends.
MGT share price, page-12852
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $26.06M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 25.5¢ | $7.843K | 30.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 54153 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 9600 | 1 |
View Market Depth
| Last trade - 13.43pm 02/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |