I have a similar view of TA, and use it to mark approximate entry and exit points for the very reason that there are enough participants in the market that pay heed to it (HC itself is a good indication of this).
Of course, if the opportunity is compelling enough, I don't wait for signals.
Chart - Potential Breakout Imminent, page-18
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 (20min delay)
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Last
$67.18 |
Change
0.180(0.27%) |
Mkt cap ! $8.872B | |||
| Open | High | Low | Value | Volume |
| $67.19 | $67.26 | $67.13 | $15.66M | 233.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 824 | $67.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $67.18 | 304 | 2 |
View Market Depth
| Last trade - 13.29pm 06/06/2024 (20 minute delay) ? |
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Last
$67.19 |
Change
0.180 ( 0.33 %) |
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| Open | High | Low | Volume | ||
| $67.16 | $67.27 | $67.13 | 73508 | ||
| Last updated 13.49pm 06/06/2024 ? | |||||
| ALU (ASX) Chart |