Sorry to post a non AKE chart, there are plenty of examples on AKE, but I really want to drive this point home with another recent example.
Time and time again, people buy and sell at support and resistance levels. You find support and resistance levels by looking at the chart. Buying and selling affects the share price. This in turn means that charting must affect the share price.
For example... Why do you think there was a massive sell off EXACTLY on that lower resistance line in the yellow circle. I'll give you a clue. Because traders were looking at the chart. That sell off obviously had a massive affect on the price.
AKE Price at posting:
$12.29 Sentiment: Buy Disclosure: Held
