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Agree based on watching how the trading went yesterday and...

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Slider19200000

83 Posts.

19

01/09/21

09:28

Post #: 55736915
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Originally posted by onesurfed: ↑

tinhat- Did that red engulfing candle say anything about the fundamentals? Maybe charts just ignore the real reasons things happen on low volume, such as market makers and hedge funds trying to scalp retailers. That's exactly what was going on yesterday. After a bit of a run on lower vol today, they'll do the exact same thing (price depression) tomorrow.
The pattern will only change on news.
Do charts tell when things will happen or when things have happened?
Not specifically aimed at you, just a dig at all the TA guys trying to apply it to early-stage biotechs.

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Agree based on watching how the trading went yesterday and today. The big players are just patient.

KZA Price at posting: $1.38 Sentiment: None Disclosure: Held
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0 Great analysis

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