Originally posted by VVX565
This is probably another hard to believe story of the ASX,
Quite a complex FA chart to review but bare with me
I chose the position of the vertical (amber line) on the 1st chart below as this is the point when the GRT (growth forecast) begin's its decline
But if we look back to the months prior to the topping out ceremony at $10.. WOW we can see the stock is and has been heavily over priced relative to it's value line for a long time now (value line is the pale blue line on the chart) but all the while from early 18 the company is reporting continued growth across all its FA metrics....my chart is looking great before the Amber line......... but is it all real ???????
I would suggest someone takes a closer look at this companies books
Pro pump at its best ?????? not sure..... hmmmmmm
Here's 2 x 1 year daily charts for you, the first one shows all the FA values in the grey panel on the right hand side of my chart at the exact place where I put the Amber line... the 2nd chart shows the current FA values as of today (same chart as the 1st one)...see the difference not cool for the average punter
See below for an explanation of the grey panel on the right-hand side of my chart
View attachment 1410507View attachment 1410509
Right-hand panel explanation
Starting from the top...Value is what the Co's is currently valued at based on all the fundamental data available. EY (earnings yield) and DY (dividend yield) I like to see dy about half or even less that of ey as a higher ey tells me the company can keep paying outits dividend from its actual earnings. DS (dividend safety) needs to be 50 or higher. RV/ RS/ RT and CI ideally need to be 1 or higher..but RV and RS are more important fundamentally, RT is an entry/ exit signal, rt above 1 is good and below 1 not so. GRT (annualised % growth forecast) I like Co's at 8% and above. GPE (growth to PE) or PEG in Aust... a number greater than 1 means the Co is considered undervalued. EPS (earnings per share) leading 12 month earnings per share forecast... higher the better. PE (price to earnings ratio) shows the amount of dollars r
Hi
@VVX565 I find your comments and charts very interesting. KGN is about the only chart I am successful in trading on a regular basis. I can usually make about 4 to 5% on each trade I make. I find it a lot easier to trade the mid caps for little return than the speccies, where I regularly get chewed up and spat out.
Thanks for the new perspective.
Also did not know that the founder had sold down his holding, was that the cause of the big drop back in October? @Dazed&confused
(20min delay)
