60 cents target in 6 months, page-21

Only reason BDR has been trending lower is because of firm specific news (lower guidance) and macro changes (gold) nothing to do with TA.

If you are telling me that you buy shares in a company because two trend lines have just crossed each other.. might as well put a blindfold and toss a coin and tell me what side it falls on, without removing the blind fold.


You buy companies, because they contains real assets, with real people which produces profits/losses. Based on the firms current situation and your views of the future you would justify an argument as to whether you should buy sell or hold the stock.

The only reason why TA is still used today is because of momentum, nothing more. Even FA confirms TA's existence, look at the "Fama French model", momentum is listed as a significant factor.