I guess you can use both TA and FA. Personally I find TA better....
When using TA look for climatic volume, I'm talking about huge spikes of volume with weak price action. The chart will often paint a story and give you multiple exit opportunities, dont freak out at first sign of weakness. But when you see a few weak bars in combo, with confirmation then you'll know its time to exit the trade.
Remembers pro's sell on the way up, and buy on the way down. So after you see one weak bar its likely they'll take it up higher again to sell some more.
For example here's one of CR8 being distributed at highs (red circles):
Unfortunately the strength I pointed didnt show any confirmation and I'm now certain whoever is playing IAM is playing CR8 too. Moments after IAM took the dump the same large holders/brokers/smart money provided supply into CR8. It could be they want to lock in profits, close their position, see another market opportunity and require funds, or just dump to trigger stops and collect lower...who knows, end of the day there was supply. If you asked me 2months ago I wouldve sold out at low 9's on that final red circle, but I've stopped momentarily trading and trying FA boots and catching the larger move.
Here is IAM painting its story:
It could not continue its low volume today unfortunately.
You could also use FA see
@Malaga post above on them being overbought.
Personally IAM did look stretched reaching almost $100m MC with one MOU. But I haven't sold a share simply because give it a little time to mature and imo it will be back up there. Since RSL days (about 1.5years ago) they've had a habit of delaying but over-delivering to make up for it haha. Holders from then will know this feeling very well.
CR8 imo did not look that stretched even at 8c ($48m MC), beautiful product, brilliant management, Nationwide signed up, AMP signed up but I guess I was wrong. The same player on IAM decided to provide their dump into CR8 too. Oh wells nothing I can do to hold price up so let it take its course. Fresh buyers that see value will come sooner or later.
Still holding both comfortably and I guess while this weakness plays out I'll enjoy some time with friends and family rather than having my eyes glued to screens watching pips drop. Might check up every now and then but I'm enjoying this new FA style gives me alot more time on my hands than just rapidly buying and selling and getting FOMO/FOLO every few minutes lols
