@scooter83 Indeed sometimes price gets overextended but by setting price targets traders can see what a fair valuation is and hopefully find something not fully valued to buy. I used to value shares by PE ratios, dividends, net asset backing and current market price years ago but these days just use measured moves on charts.
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- Day Trader’s Aftermarket Lounge 10 Jul 2019
Day Trader’s Aftermarket Lounge 10 Jul 2019, page-73
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