Yes thank you BB thats exactly right!
Price charts dont reflect the value of a company, only the price at which you can buy a share of it...there`s a big diffence!
Good charting can indicate where a supply and demand imbalance is for its shares (if you look closely)
you cant tell exactly how long it will trade at a certain price either, only that it`s highly likely to hit that particular price.
it doesnt matter if it`s only a hit on the close like today @ 3.3c
if the chart indicates that price as a target, and you sit and wait 1st inline you will get filled.
I sit and wait all the time at capitulation levels (as projected by a chart)
anyway if capitulation doesnt reject from 3.1c then 2.7c is the true projection as I see it.
Add to My Watchlist
What is My Watchlist?