can you spot the clues in this statement that show why charting doesn’t work?
If there was any credibility for the predictive power of charting and the forecast was for the price to drop to x and then rebound to 2x, then it wouldn’t happen, because nobody in their right mind would be selling when it gets below 2x. Charting would be essentially make the existence of charting impossible.
RAC - Charts & Price Action, page-18304
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |