Is now really the best time to buy? I feel it might drift lower over the coming months on no news and general angst, again. If you don't mind, what is your reasoning?
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The $64,000 question is where's the bottom ? If they're really worth $1.70 then they're currently on Macca's special, buy one, get one free.
Interested but chart says stay out...with little else to go on I for one will follow the technical signals and ignore all the hype.
Goldfish - disappointed in you
You mention Blis and Rakon but left Wellington Drive out
Mad.......?
Looking at the chart the SP has been in a clear down-trend since mid January when it was $1.70 and after the announcement the other day its still continued. 100 day moving average is $1.40...people buying now clearly have no respect for technical analysis or they have a love for trying to pick the bottom, or both...go figure...
Does being in the nzx50 affect share price with tomorrow being the end of the month? is there likely to be a price rise?
Agree with you. The charts are very accurate (& easy to predict) when you look left of the current performing candle....but I haven't met, seen or heard from anyone yet who can tell me what is going to happen starting from the next candle. A pattern is only a pattern (or not)...after the event.
If any TA guru's disagree, then please tell me what is going to happen with tomorrows candle - and why.