@theoc. A simple example of TA. Ever heard the saying, " buy the rumour, sell the fact"?
I'm sure you have and from experience most of the time I have found this to be correct. Not knowing the rumour is the dilemma, however it is more than often reflected in the chart, the classic being increasing price and volume with no news over a number of days. Then a news release followed by a sell down.
Go back over charts and you will find a myriad of patterns that reflect this. Its not rocket science, just needs research. regards RT
Charting Only., page-29
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Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $431.8M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 5.9¢ | 5.6¢ | $1.037M | 17.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1882949 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 399643 | 3 |
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| IMU (ASX) Chart |