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.
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That's an interesting comment & while I agree that significant...
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Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $86.85M |
Open | High | Low | Value | Volume |
5.2¢ | 5.3¢ | 5.0¢ | $205.1K | 4.009M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 2017442 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 17000 | 1 |
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No. | Vol. | Price($) |
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27 | 1981442 | 0.050 |
5 | 773244 | 0.049 |
10 | 675611 | 0.048 |
5 | 368169 | 0.047 |
5 | 778069 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 17000 | 1 |
0.052 | 50000 | 1 |
0.053 | 259025 | 7 |
0.054 | 335947 | 4 |
0.055 | 931155 | 7 |
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