I think you will find that many have predicted the smaller movements of small caps successfully on the short term trading threads. A small cap is actually easier to predict the TA of than the greater market caps. Obviously if there is an announcement then it skews the technicals. However you will find that the chart signals an upcoming announcement often. It's the fact that small caps are lightly traded that makes it easier to see what is going on.
Yes there is more noise throughout the shorter time frames, but sometimes that noise can be analysed.
I predicted that the share price would increase at least 25% from the previous ascending triangle and it did.
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Some would call that noise but I see it as potential.
I have been studying the chart patterns of stocks that have run such as AWD, POK, SXT and that's why I am optimistic about DUO.
You can trade these small cap stocks with TA alone and you don't need to incorporate fundamentals like management, company activities etc...
Also I don't discuss the positives of the chart just because I want the share price to go up, I bring them up because they are actually present in the chart which has been supported by my screenshots.
You will find that my support and resistance lines have more than two points of reference. I have moved my lines at least once but have not since.
I am not saying that this is definitely the way that the share price is going to go but it is a prediction, as we all have been predicting. I have been right on several occasions with DUO prices in the STT comp and on these threads, also have been wrong a few times too. However I have based my predictions on TA which has generally worked for me.
I will continue to post my thoughts on TA.
