Charting can be very subjective and definitely can be formed to fit a narrative if one is not
trying to be objective. One has to be careful, especially reading other people's analyses if
they do not understand trading and charting themselves.
Pure fundamental analysis and Pure technical analysis/trading are very different.
Each has its advantages and disadvantages and they will not always aline, especially
one takes time frames into consideration. They can be used together but it is a great
skill. True fundamental investors will not look and charts and have no reason to,
so please do not be confused by anything I have to say.
I have posted quite extensively on this in the past.
Technical analysis is not about trying to predict the future, and one can be wrong
more than half the time and still make huge profits over time if the risk is managed
correctly. It is about capitalizing on potential opportunities through probabilities and
risk management. Call it educated gambling if you will. Akin to the card-counting Black
Jack player who is banned from Casinos because he has found an edge...
I like the fundamentals of VRX but have not dug deeply into them for a while now.
I will be looking into it more while my trade is open to decide if I want to leave some
for the longer term, but my primary objective on every trade is to take as small a loss
as possible if I am wrong and maximize profit if I am right. I am primarily a trader and
not an investor. Party because I just do not like being underwater, despite the potential
long-term benefits of holding through thick and thin and averaging down based on
fundamentals, etc... I also just know what I'm good at.
All the best
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.66M |
Open | High | Low | Value | Volume |
5.6¢ | 5.6¢ | 5.5¢ | $10.00K | 180.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 240629 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 80000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 240629 | 0.054 |
1 | 200000 | 0.053 |
1 | 30000 | 0.052 |
2 | 24819 | 0.050 |
1 | 24999 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 80000 | 2 |
0.057 | 36205 | 2 |
0.058 | 54507 | 1 |
0.060 | 276121 | 5 |
0.062 | 500000 | 1 |
Last trade - 11.37am 15/05/2024 (20 minute delay) ? |
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