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
35.0¢ |
Change
0.015(4.48%) |
Mkt cap ! $426.4M |
Open | High | Low | Value | Volume |
33.5¢ | 35.5¢ | 33.5¢ | $446.5K | 1.292M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 6595 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 0.345 |
7 | 163491 | 0.340 |
4 | 113241 | 0.335 |
4 | 95320 | 0.330 |
2 | 69233 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 6595 | 1 |
0.355 | 136972 | 3 |
0.360 | 125330 | 5 |
0.365 | 144000 | 3 |
0.370 | 1128 | 1 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
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