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4.1¢ queensland pacific metals limited

so which is going to be more accurate?forecasting price based on...

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spark2

419 Posts.

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03/03/22

17:29

Post #: 59962661
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Originally posted by redapplecarts: ↑

I know there is a lot more to TA than candles. But in the end, they are all descriptive statistics or pareidolia. If you don't know what descriptive statistics are, and their limitations, see this for example: https://conjointly.com/kb/descriptive-statistics/

Basically, descriptive statistics describe the state of an existing dataset. These statistics are by definition lagging. Inferential statistics can be used to make predictions beyond the existing dataset. Where are the inferential statistics? Without them, this is all just tea-leaf reading.

Its mathematical nonsense to predict the future state of a variable set using descriptive statistics. Where it works, it is temporary and only reflects inertia due to a temporary equilibrium between those variables - or because the observer has become a variable in the system (eg lemming cheerleaders).

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so which is going to be more accurate?
forecasting price based on historical mechanics of how each price level was formed?
or applying traditional valuation metrics (you seem to love dcf) on a company with no cashflow. with IOUs to pay in 3-4 years time.

your conspiracy theories have no merit.
back them up or youre just delusional

QPM Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.1¢		Change 0.002(5.13%)		Mkt cap ! $103.3M

Open	High	Low	Value	Volume
4.0¢	4.1¢	3.9¢	$237.9K	5.876M

Buyers (Bids)

No.	Vol.	Price($)
4	515000	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	334075	3

View Market Depth

No.	Vol.	Price($)
4	515000	0.040
2	802608	0.039
2	2000000	0.038
2	150000	0.037
5	371000	0.036

Price($)	Vol.	No.
0.041	334075	3
0.042	2040238	14
0.043	824460	3
0.044	402792	3
0.045	122143	3

Last trade - 16.10pm 13/11/2024 (20 minute delay)

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