It is a puzzling phenomenon to me that those punters who don't believe in stock technical analysis feel the need to denigrate those who do, and not the other way around. Is it because those who believe in the stock's fundamentals are, by their very nature, people who can only view the world as black and white, right or wrong, you are with me or our enemy, similar to those narrow minded fundamentalists in religions?
After all, essentially the fundamental analysts use data to make their forecast, just as the technical analysts use data to make theirs. Yes, each of them uses different kinds of data, but they are data. Data are recorded facts. And facts are always in the past. So essentially both types of analysts use the past to predict the future. If it is futile to use the past to predict the future, then logically we have to say both analysts are useless, and making profit in the stock market is just a game of chance!
What is the point then of collecting data of lithium prices, EV sales, and political events in Ukraine if share price movements are essentially unpredictable? Think. And tell me.
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