TA wise I agree. You and my algo together screams red flag on this one. When I bought SFR and a bunch of other copper producers last year it was a macro play and as such will need to have a longer term outlook... The future shall we say needs a lot more and at this point there is really no other alternative. Plenty of articles out there to explain...
Yes Trump and the more recent cheap oil put the breaks on that macro (hopefully momentarily) but the ball is now rolling and with these things the ball rarely stops.
The best returns I've had over the last 20 years have been high conviction macro plays.
- 20kg Gold which you've probably seen in another thread had a bargain basement $500 per oz AUD average on that...
- Tech GOOG, AMZN - which i sold out of mid this year, took me 15 years accumulate. This will fund a few real state/apartment plays soon enough but it is not yet time to jump on that one. Need a firesale in play for maximum return on that one.
Point is TA is all well and good in the short to mid but the tastiest returns for me have been riding macro decade long positions.
TA wise I agree. You and my algo together screams red flag...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SFR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.16 |
Change
-0.110(1.07%) |
Mkt cap ! $4.190B | |||
| Open | High | Low | Value | Volume |
| $10.35 | $10.35 | $10.05 | $19.19M | 1.890M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6572 | $10.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.18 | 4290 | 1 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| SFR (ASX) Chart |
