I started off FA and a bit of TA.. Then I just got bamboozled every time I backed FA over TA and watched companies go down between 50-80% as the FA semingly was still ok. Id buy high and sell low too regularly.
Then along comes a successful professional investor and says mate, it’s 100% TA then if that box is ticked then you look at FA..
”Back yourself in on the FA only if the TA is good” he says..
Now several years down the track I save a lot of energy on FA because the TA filters cut out 80% of the crap.. At the moment BRN is in the 80% until the TA proves otherwise..
It has not let me down once since.. Insiders are industry knowledge is always in the price before it becomes public knowledge. So if there’s more buying than selling and the TA is constructive, you will get ample opportunity to take an entry and make a great profit.
Or if it doesn’t work like recently when it dumped quickly after that descending wedge breakout followed by no low base fractal formation, then you’re out at minimum risk and close to breakeven..
V or vertical shape moves never work unless they are accompanied by those wedge shape consolidations..
Saves A lot of stress and worry if you can read a chart.
IMO from a dumbass anonymous poster who’s just in it for myself..
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Last
25.5¢ |
Change
0.010(4.08%) |
Mkt cap ! $480.8M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 25.0¢ | $272.1K | 1.088M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 827972 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 868494 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 1279199 | 0.250 |
38 | 1034715 | 0.245 |
53 | 1514317 | 0.240 |
34 | 769136 | 0.235 |
43 | 937559 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 433242 | 9 |
0.260 | 586848 | 17 |
0.265 | 687635 | 15 |
0.270 | 929697 | 23 |
0.275 | 797369 | 17 |
Last trade - 10.01am 17/10/2024 (20 minute delay) ? |
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