MNS 0.00% 4.2¢ magnis energy technologies ltd

[Master Thread] Charting, page-215

  1. 1,856 Posts.
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    I would agree with u. charting esp with specie stocks is subject to a lot of volatility. it's better with dividend stocks. I'm big on fa. the thing is, if every man and his dog watches charts and sees entry end exit points by using whichever indicator they use, it can become a self fulfilling prophesy because they then buy and sell accordingly, causing the chart action per se. call it psychology based ta. in addition to any ta based psychology. element of can't beat em join em. long like myself don't like it but can u explain for instance the drop from 49c without the Ann to almost double output, without a chart?
 
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