Technical analysis doesn't work reliably, to value investors it is synonymous with speculation.
The quote is attributed by Benjamin Graham to J.P. Morgan - when asked what the market will do in the short term he replied "it will fluctuate".
There's soon doubt as to the attribution though.
https://quoteinvestigator.com/2013/09/28/market-fluctuate/
While it may seem trite it is in fact fantastic advice. A gentle rebuke for asking a silly question?
I never know what the stock price will do next and as I don't believe there is a method yet discovered to know I don't worry about it. It doesn't matter to me.
In this case I got lucky and bought at 53c I had no idea where the shareprice was going and I still don't but I suspect the business is still worth a good bit more than today's price.
I am in no hurry and can wait until more facts about the business reveal themselves through financial reporting to market. Not worrying about technical analysis is part of what makes me an investor.
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Last
86.5¢ |
Change
-0.005(0.57%) |
Mkt cap ! $144.2M |
Open | High | Low | Value | Volume |
87.0¢ | 88.0¢ | 86.5¢ | $46.29K | 52.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14962 | 86.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
87.0¢ | 4339 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28 | 0.840 |
3 | 5177 | 0.825 |
1 | 1 | 0.820 |
1 | 7723 | 0.800 |
1 | 936 | 0.750 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 56508 | 9 |
0.865 | 1155 | 1 |
0.890 | 14633 | 1 |
0.900 | 10402 | 3 |
0.940 | 30000 | 1 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
SHJ (ASX) Chart |