No - price can and is manipulated (especially clear in Forex), and it is, but the footprints left behind cannot be hidden. The reasons may be opaque, but the price action (PA) is there for all to see. It's 100% transparent.
It's the challenge to see why price did exactly what it did, why it stopped where it did etc.
As I said, it's the visual depiction of the aggregate activity of all mkt participants, fundies, techs, dreamers, schemers, punters and gamblers....but mainly big money.
Everything can be hidden but price. I don't want to engage in a centuries old war of fundamentals vs TA. It's fruitless.
If you have an explanation why PLS (indeed, the whole sector) has dropped 29% off the high, let us know.
All that counts is that it did.
So I guess you have contempt for Poster @hoots and all Price Analysts ? OK. I may not - and don't agree with his methods, but I respect the importance given to price movements.
They are not random.
Pls be so kind to tell us exactly why the Li ETF (the biggest Li producers) in the world has dropped 25%, and why PLS has followed (and others, more spec, done far worse ....maybe because they are spec, like KDR, 49% haircut off this higg, built on a field of dreams..as are all specs.....by definition....)
PLS Price at posting:
84.8¢ Sentiment: None Disclosure: Not Held
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