Yes, thumbs up from me too. I find it extremely useful to watch the price charts of stocks and watch for pullbacks such as is happening now. They provide great jumping in points to stocks.
Watching graphs show that the same style of patterns occurs over and over as companies evolve.
It doesn't always work. When I first started in the sharemarket, I studied the allords graph for 20 years. Looked at the long term trends, the peaks and dips and worked out that the usual pattern for dips was that within 18 months from the base of the dip, the earlier high was equalled and passed. Bought in at 5,000 and still waiting for 6,800. Buy and hold is for the birds.
AZH Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
