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
45.5¢ |
Change
0.015(3.41%) |
Mkt cap ! $540.6M |
Open | High | Low | Value | Volume |
44.0¢ | 45.5¢ | 43.8¢ | $509.4K | 1.142M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8350 | 54.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 10423 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 37819 | 0.450 |
8 | 77945 | 0.445 |
13 | 201945 | 0.440 |
10 | 230326 | 0.435 |
11 | 260422 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 320877 | 5 |
0.460 | 291313 | 15 |
0.465 | 192637 | 7 |
0.470 | 443017 | 8 |
0.475 | 129219 | 6 |
Last trade - 15.59pm 24/05/2024 (20 minute delay) ? |
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Last
45.3¢ |
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Change
0.015 ( 2.14 %) |
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Open | High | Low | Volume | ||
44.0¢ | 45.3¢ | 44.0¢ | 106691 | ||
Last updated 15.59pm 24/05/2024 ? |
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