I personally don't follow the news much (if any). The events mentioned (or lack of them) by K_ran may be very appropriate. My investing routine does not involve trying to learn all those factors.
I trade based on technicals and also look at fundamentals, and Broad Market/Sector/Industry, all in a very Visual and Easy to Use manner (does not take much time). All pure objective decisions usinfactors mentioned above.
My Buy view on TOE as per the original post was purely based on Technical Charts. Not on company fundamentals. And I had shared the chart that led me to consider Buying TOE.
Stop was narrow. Potential Profit higher.
Will it go up? I don't claim to know. All I knew that my Risk was small and it was at a Technical Support on CUE Charts.
In terms of fundamentals, I have done Peer Analysis of TOE. There are many peers which are with spotty fundamentals. That does not mean they may not go up (or down!).
It is just my way of trading
Here is the Peer Analysis of TOE in terms of fundamentals.
All looks quite poor to me. Does not make money. Does not pay a dividend. My trade of TOE was based on pure technicals.
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Last
27.3¢ |
Change
-0.003(0.91%) |
Mkt cap ! $25.25M |
Open | High | Low | Value | Volume |
27.5¢ | 27.5¢ | 27.0¢ | $1.636K | 5.972K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 30177 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 5311 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 629009 | 0.025 |
6 | 1111700 | 0.024 |
4 | 280456 | 0.022 |
3 | 596000 | 0.021 |
3 | 800000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 537172 | 5 |
0.027 | 1204488 | 7 |
0.028 | 433740 | 4 |
0.029 | 100000 | 1 |
0.030 | 559000 | 5 |
Last trade - 12.37pm 04/12/2024 (20 minute delay) ? |
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TOE (ASX) Chart |