Hi Telamelo
Some of the best calls I have made is when the technicals are weak. If you believe in your FA , then sometimes waiting for TA to improve and give you buy signal means you left a big % of return on the table . I will show your for illustrative pursposes only .
I have a 100k to invest and I can buy now or wait for TA to confirm trend change and buy .
let’s assume I don’t wait and buy now. I would buy 208333 shares
Investor B waits for TA buy confirmation and buys at 57 ( making it up ) they buy 175438
now both investor A and B are correct that MGX was undervalued and it steadily trades up to 1 dollar
investor A makes 108% vs investor B who makes 75% They likelihood is return will be even greater as investor A will also get higher dividend income .
so my point is waiting for charts to trigger a buy sometime results in a poorer return outcome as all you are waiting for is the valuation gap to narrow.
I am assuming one possesses skills to make a strong FA call
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Last
33.3¢ |
Change
-0.008(2.21%) |
Mkt cap ! $407.8M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 33.0¢ | $269.6K | 800.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 354725 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 115833 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 334457 | 0.330 |
6 | 238019 | 0.325 |
18 | 201887 | 0.320 |
6 | 169432 | 0.315 |
9 | 502065 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 552780 | 28 |
0.345 | 343419 | 11 |
0.350 | 191967 | 8 |
0.355 | 137348 | 5 |
0.360 | 135785 | 4 |
Last trade - 15.53pm 14/10/2024 (20 minute delay) ? |
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