Yeah, I think EW did say he sold a substantial part of his holdings.
By being true the analysis he follows.
Your post above is too technical for my understanding/knowledge.
But my question to W3 and evidence of EW selling shows not even the best in the field
get it right every time.
This is not criticism at all to these people, but simply an observation.
Trading on chart patterns, I'm sure has given a very steady/lucrative income for good operators.
Just looking at charts though, may miss that once in lifetime investment, if fundamentals aren't considered.
I could be just "drinking the kool aid" though. Don't think so.
RAC - Charts & Price Action, page-4357
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Last
$1.31 |
Change
0.020(1.55%) |
Mkt cap ! $217.2M | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.31 | $1.26 | $71.25K | 55.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 5950 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.31 |
Change
0.020 ( 2.18 %) |
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| Open | High | Low | Volume | ||
| $1.30 | $1.31 | $1.26 | 10789 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| RAC (ASX) Chart |