Of course previous highs are important.
Its a commonly used technical indicator.
Post September 6th any one wanting to buy with capital gains discount will be eyeing previous highs as a target.
As each day passes the closer to the go ahead we are.
Keep it simple.
Buy 10000 at 50 cents = $5000
Sell after 12 months hold for $2.3 = $23000.
With cap gains discount that is a great return and so simple. 4.6 pre tax times return.
A lot will just want to keep it simple and lock in returns.
Even at an SP $1 its a 2 time return.
Once the SP gets to the previous high its all blue sky.
TLG Chart, page-3932
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Last
36.5¢ |
Change
-0.015(3.95%) |
Mkt cap ! $156.5M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 36.5¢ | $90.36K | 243.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 59674 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 15530 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| TLG (ASX) Chart |