anyone who says charts mean nothing needs to have a good think about it.
Charts show the historical movement of money for a stock.
Using the charts as a predictor for future share price can be very effective but it is definitely an 'art form'. The volume, price, buy side/sell side, general market sentiment etc. etc. all play their own little part on the short term movement of price and as such you can never be 100% right.
What you will find is that the good chartist mitigate risk by going into enough trades often enough that all they need to do is beat 50% and they'll end up in front of where they started.
If you think charts will tell you where CCC will be in 3 weeks time you are kidding yourself.
If you analyse charts well and buy and sell accordingly chances are you will beat dart throwing to select entries exits.
I personally use fundamentals as i find it more enjoyable but respect what a chartist does and what it means.
Oh and I think some one is trying to bait me putting that mill sell order at .031 on the oppies lol!
Not yet septa not yet!!! Let them come to you!
CCC Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held
