Charts can have predictive value, because patterns do exist in the data, and patterns are just that - something that wants to be repeated.
The thing is that fundamentals are infinitely more important then these technical indicators, so when there is any news that may have a bearing on fundamentals of the company, charts go right out the window.
Charts do indicate the major resistance in the mid 7s which still seem hard to definitively break through.
Charts can have predictive value, because patterns do exist in...
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Last
$5.77 |
Change
-0.130(2.20%) |
Mkt cap ! $4.171B | |||
| Open | High | Low | Value | Volume |
| $5.87 | $5.91 | $5.77 | $8.457M | 1.452M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12297 | $5.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.82 | 7000 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |