But like I said before, I dont always go by charts, as about 18 months ago, the charts said sell for vla as it was on its way down...and I bought in.....and have done quite well from it..
The charts were also not so long back saying that sdl was a buy, and look at what has happened to the sp with them...down over 50%
I hold both of these stocks, lucky for me I have bought in both times at the right time, and sold sdl recently at a high sp and bought back in much lower, and all done by not following only the charts but a combination of things..as charts can often by wrong...(sometimes the buyer or seller wants you to see the oposite to what is really happening)
I am not saying that charting is wrong, I am just saying that no-one can 100% pick what is going to happen with a stock because there are too many facters involved and some is word from the gutter etc IMO....
Good luck with what ever stock you hold and thanks for doing the chart on vla
cheers
VLA Price at posting:
75.0¢ Sentiment: Hold Disclosure: Held