I wouldn't say you're 100% wrong. Just mostly wrong.
Take Dendreon. The charts would never have provided accurate indication about what rise to expect after say positive data results.
...and they are definitely useless at providing useful indication for price action following totally unexpected news.
friday here we come - get ready folks!, page-20
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $537.4M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.3¢ | 36.8¢ | $947.9K | 2.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 112896 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 19652 | 12 |
View Market Depth
| Last trade - 15.28pm 23/08/2024 (20 minute delay) ? |
| IMM (ASX) Chart |