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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MGX
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37.5¢

Hi Telamelo Some of the best calls I have made is when the...
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Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $442.6M |
Open | High | Low | Value | Volume |
37.5¢ | 37.5¢ | 37.5¢ | $174.9K | 466.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 165726 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 351080 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 173252 | 0.375 |
9 | 142629 | 0.370 |
7 | 142922 | 0.365 |
6 | 172940 | 0.360 |
6 | 100128 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 351080 | 11 |
0.385 | 137421 | 7 |
0.390 | 270042 | 8 |
0.395 | 109000 | 1 |
0.400 | 109594 | 10 |
Last trade - 11.21am 23/07/2025 (20 minute delay) ? |
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MGX (ASX) Chart |