I do not believe this "change in trend" is telling us anything. In fact, you can create whatever "trends" you like by manipulating the scales and time periods covered by the charts.
"I realized that technical analysis didn't work when I turned the chart upside down and didn't get a different answer."
-- Warren Buffett
I'm sure there have been several 5-year periods over Argo's long history during which Argo has underperformed the index. However, you can never predict which years they will be. ARG is an excellent long-term investment even if it occasionally underperforms the index.
I do not believe this "change in trend" is telling us anything....
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Last
$8.80 |
Change
0.010(0.11%) |
Mkt cap ! $6.815B | |||
| Open | High | Low | Value | Volume |
| $8.85 | $8.85 | $8.75 | $2.880M | 327.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5100 | $8.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.80 | 46096 | 6 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| ARG (ASX) Chart |
