bhutos - I agree. TA is purely a reflection of the market fundamentals but where it shows a trend has developed, it helps with predicting what will happen until the fundamentals change and then you hope it shows how the market has assimilated that change and look for a new direction...
Here is the BRU chart that shows 3 very bullish indicators using the 15, 30 and 45 day Simple Moving Average lines:
The 15 day SMA crossed the 30 indicating an alert for bullishness, then it crossed the 30 day SMA stregthening that indicator. Now the final confirmation has occurred, namely the 30 crossing the 45 day SMA and all 3 are heading North rapidly.
Guys and Girls, that's as good as it gets.
BRU Price at posting:
$2.03 Sentiment: Buy Disclosure: Held
