BLY boart longyear group ltd

absolutely pathetic, page-31

  1. 681 Posts.
    LOL... Dev, TA doesn't move the market, it attempts to describe it. The content of the AGM will have a much greater influence on the price than some chart.

    You want proof? You don't have to look back far. If the previous trend had continued, we'd already be at 23.5 cents! Guess why we're not? Because there was an announcement! You can't just draw a big arrow and expect the price to follow. The fundamentals matter. TA is good for identifying trends, detecting insider buying, providing objective signals for entry/exit, etc. However, it has limited value for predicting the outcome of something important like an AGM. Check out the announcement on May 11. That's what will make or break your TA predictions, and that's why I'm reserving judgement.

    Z
 
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