Stop trying to hit bottom it only causes frustration and tension. You will maximize annualized gain by buying after the bottom and selling before top. If you want to know why, see my Post #: 71954458. Total gain is not important, what is important is Gain / Time.
JMO you should wait a few months and buy much closer to AU$ 5.00. Is it a sure thing? Absolutely not, but the odds are in your favor. Study these two charts and you should be able to figure out why I say this.
Stop trying to hit bottom it only causes frustration and...
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Last
$6.66 |
Change
-0.050(0.75%) |
Mkt cap ! $6.225B | |||
| Open | High | Low | Value | Volume |
| $6.68 | $6.70 | $6.62 | $25.92M | 3.896M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15574 | $6.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.67 | 53897 | 8 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$6.65 |
Change
-0.050 ( 1.12 %) |
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| Open | High | Low | Volume | ||
| $6.69 | $6.69 | $6.62 | 679662 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| LYC (ASX) Chart |