That's an interesting comment & while I agree that significant breakouts & a runaway sp may be hard to analyse, I have to disagree that the TA does not work in that scenario.
TA either works or it does not work. It does not give the option to pick & chose.
When the sp breaks out or breaks down the TA should if presented correctly give clues as to a price target up or down & why that target may be relevant.
If for instance, prev patterns, trend lines, support resistance lines etc were places where a reaction previously & repeatedly occurred then they should expected (but not religiously relied on) to do so again.
There is also more to TA than just looking at a chart with a couple of lines on it.
The TA takes into account indicators such as Stochastics MACD etc & in particular the volume.
These always give forewarning that a change is coming. Then it would depend on ones personal preference when action was taken to act on it.
Also the structure of the a candle or just the price bar gives plenty of hints as to what is happening behind the play.
All of these things are taken into account & from them one will make a decision based on that analysis.
I dont normally look at fundamentals in an initial eyeball of a chart but when there are runaway breakouts & rerating going on then those things would also be considered in looking at the TA stuff.
LKE chart, page-993
-
- There are more pages in this discussion • 647 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LKE (ASX) to my watchlist
|
|||||
Last
4.2¢ |
Change
-0.002(4.55%) |
Mkt cap ! $69.85M |
Open | High | Low | Value | Volume |
4.4¢ | 4.4¢ | 4.0¢ | $1.039M | 25.13M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 484046 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 580241 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 484046 | 0.042 |
7 | 450023 | 0.041 |
25 | 2292796 | 0.040 |
14 | 1151137 | 0.039 |
14 | 1263958 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 580241 | 8 |
0.044 | 258569 | 9 |
0.045 | 464000 | 9 |
0.046 | 150500 | 7 |
0.047 | 324901 | 6 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
Featured News
LKE (ASX) Chart |