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
40.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $492.0M |
Open | High | Low | Value | Volume |
40.5¢ | 40.8¢ | 39.5¢ | $653.8K | 1.630M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 194610 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 82530 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 200610 | 0.400 |
20 | 400111 | 0.395 |
10 | 778000 | 0.390 |
3 | 78000 | 0.385 |
7 | 83393 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 89151 | 5 |
0.410 | 205974 | 6 |
0.415 | 152000 | 4 |
0.420 | 180867 | 6 |
0.425 | 126000 | 5 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
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