Hi @Snappaman
Excellent post & summation as my exact sentiment as well. Double thumbs up.
Remember the saying "the trend is your friend" so never trade hoping for a reversal which may yet take much longer than you anticipate as not intelligent risk vs reward trade management.
I've also learnt some harsh lessons in the past buying on fundamentals when the chart was down & going lower etc. Got stuck in a losing trade for year's averaging lower each time but to no avail.Lesson learnt wait for bullish sentiment to return first & foremost. Trade with the trend & momentum not against it.Cheers tela
MGX Chart/Technical Analysis, page-4
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Last
45.5¢ |
Change
0.015(3.41%) |
Mkt cap ! $552.7M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.5¢ | 43.8¢ | $554.8K | 1.242M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33551 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 318426 | 5 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
45.3¢ |
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 ? | |||||
| MGX (ASX) Chart |