Here we have the lifetime chart for ASX:CAT.
- Starting with a price of $0.63 and reaching an ATH of $4.26 in only 1 year.
- It then went on a 3 year downtrend back to its original $0.63.
- After that we see it recover to $2.13 in 1 year.
- COVID-19 pandemic brings price all the way down to $0.49, which is its new ATL.
- Since then price has recovered nicely, and if it continues to do so I will be looking to enter a trade.
I have marked what I would like to happen for me to enter, and the relevant buy zone. I will only be putting a small sum on this trade in the hopes that price breaks the $2.47 resistance line and holds price. Only then will I be looking at this trade more seriously. I can then average down my purchase price with small sum previously purchased.
DYOR
I hope this helps someone
- Starting with a price of $0.63 and reaching an ATH of $4.26 in only 1 year.
- It then went on a 3 year downtrend back to its original $0.63.
- After that we see it recover to $2.13 in 1 year.
- COVID-19 pandemic brings price all the way down to $0.49, which is its new ATL.
- Since then price has recovered nicely, and if it continues to do so I will be looking to enter a trade.
I have marked what I would like to happen for me to enter, and the relevant buy zone. I will only be putting a small sum on this trade in the hopes that price breaks the $2.47 resistance line and holds price. Only then will I be looking at this trade more seriously. I can then average down my purchase price with small sum previously purchased.
DYOR
I hope this helps someone
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.