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
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $498.1M |
Open | High | Low | Value | Volume |
40.0¢ | 41.5¢ | 40.0¢ | $614.1K | 1.514M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 42537 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 58325 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 42537 | 0.410 |
3 | 72640 | 0.405 |
8 | 254993 | 0.400 |
20 | 400111 | 0.395 |
12 | 803500 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 58325 | 3 |
0.420 | 296510 | 11 |
0.425 | 126000 | 5 |
0.430 | 100385 | 7 |
0.435 | 112486 | 5 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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