TA is pretty useless other than the most basic things such as noticing a downtrend/uptrent, break outs and possible resistance levels.
It is all still a guess thou, I commented on someone's TA in the CCU forum, he went on with this stuff, line after line but at the end he concluded there is a breakout about to happen and that it could go either way.
So all in all you are still back at square one where you started, should i or should i not buy?
Fundamental analysis is the key, look how cheap it is & it's future pe. Also throw in some rough "shares to oz in the ground" calculations etc. If those calculations come up good, buy.
TA is pretty useless other than the most basic things such as...
Add to My Watchlist
What is My Watchlist?