Are you on the wrong thread? Chart monkeys post on a chart thread, and other monkeys post on another. Are we monkeys or pawns?
Both technical charting and fundamental analysis have their strengths and limitations. Technical analysis focuses on short-term price movements and patterns, allowing traders to make quicker decisions based on current market trends and momentum. Longer-term charts visually represent support and resistance and alert you to the sentiment that hasn't been shown in the fundamentals yet. Fundamental analysis dives deep into a company's financial health, management, industry trends, and economic factors. Successful traders often use a combination of both approaches to gain a comprehensive understanding of the market and make informed decisions. These days, you also have social network sentiment. Gamestop was a perfect example of that happening in 2021. The more tools you can utilise in your toolbox, the better.
It doesn't matter which method I use. It's the result, and money banked is all I care about, and I will use whatever tool I find helpful to attain that.
EM2 Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
