Agree with alot of what i have said Tibbs.
T/A or charts are used to HELP make desicions.
Look at BMN right now. F/A will scream at some that this is undervalued and is a buy....yet the sp still declines.
"certain candle patterns reflect very reliable indicators of market psychology"
This is exactly right.
The candle has a psychology behind it. Thats why I really enjoy candlestick charting. But Im far too inexpereinced to back my judgement with money, which is why I paper trade using charts.
A hammer for example is a powerful candles....but still relys on the following days candle and impotantly VOLUME for any sort of confirmation.
T/A, F/A, volume...try using them all and surely your chances are better than 50/50:)
Either way....I get enjoyment out of it and thats all that counts to me.
BMN isn't a trading stock for me its a long term investment.
i was out, page-29
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Last
$2.84 |
Change
0.080(2.90%) |
Mkt cap ! $507.2M | |||
| Open | High | Low | Value | Volume |
| $2.84 | $2.87 | $2.79 | $1.398M | 493.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1093 | $2.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| BMN (ASX) Chart |