MNS 0.00% 4.2¢ magnis energy technologies ltd

Let whoever wants to read and squiggle on charts directly to...

  1. 149 Posts.
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    Let whoever wants to read and squiggle on charts directly to predict price actions do so. There's something to be said about momentum and resistance however it doesn't provide commentary about investment strategy of those who bought in at those prices or those who sold early or buy late. The company is very different to what it was last time it was at 50c+.

    Also worth noting that from my own scraping of the HC forms, TA-driven trade timings across the ASX for small and micro caps drastically underperforms simple DCA for 2021 so far (+6% vs +23% respectively). So enjoy the hype of the charts but strongly discouraged using them as your only source of decision making.
 
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