Chart - SMA, page-23

Great to have a few good technical traders watching this one Dr Seuss. I am not strong in TA and charts but find the concept very interesting as it is amazing how often the patterns happen to follow expectation. I believe that there is a strong aspect of behavioural finance underlying TA with many moves either being driven or exacerbated by self fulfilling triggers for chart movements (looks like a buy/sell to most TA traders on chart which triggers many traders to act the same and therefore makes the chart follow that direction even more clearly).

No matter what the company I think TA is an important part of picking the trend which like anything, can be mistaken but gives a good guide to what the market perceptions are behind the fundamentals of the business.

Appreciate your charts and comments as it is not my strong point.