Technical analysis is utterly useless as an investment strategy. How many hedge funds use a pure technical strategy on a standalone basis?
Absolutely none, as it doesn’t make any money.
At best, it is just one of 100 tools you need to trade the market effectively. It works when the shorter the time frame. AHI isnt a short term play.
On an intraday basis, technical analysis is actually quite useful. But I doubt you engage in this hopeless persuasion. This stock will be $40 dollars in 18 months
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Technical analysis is utterly useless as an investment strategy....
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