88E 25.0% 0.3¢ 88 energy limited

Technical Analysis, page-95

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    A presumably dumb question from someone without knowledge about charts and how they are applied: Do charts still apply to companies whose share prices don't behave normally due to an unusual set of circumstances (such as those currently prevailing for 88E)? When the share price for such companies is on a sustained and sharp incline, are historical data still relevant?
 
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