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TA opinions, page-507

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gse1963

9,485 Posts.

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10/03/15

22:52

Post #: 14892168
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Originally posted by ptlas ↑

Couldn't agree more Pinto.

Would just like to add that TA essentially forecasts likely future price behaviour based on how holders/sellers have behaved in the past. In that stock and others. And other financial instruments.
Essentially it's psychology.
Any TA book will tell you that TA is not just suited to shares. It is a generalisation of probability.
It often works very well.
TA ers therefore, quite rightly suggest that a scenario may well play out if certain stars line up- for example a break out from a triangle. Herd mentality?
Success in calling & trading this inevitably depends upon interpretation of various indicators. And of course timing. Trend is your friend-jump on the ascending escalator. Or short if price dropping- or likely to.

Consequently, I think it would be fair to surmise that a good TA will be correct more often than not and, if he/she gets out of losing trades early, will make tidy profits longterm.

That is why no TA will ever forecast a definite future price. 'Cos they know they are dealing with probability & not certainty.

In what some may still call a spec stock (AJX), they may be correct more often than non-spec stocks as holders may be more easily spooked by price falls (eg last couple of weeks) in a low MC company ($140m presently?)

However, NONE of this takes any account, whatsoever, of what the company is likely to achieve, short or long term, in it's chosen market, in this case for AJX it's FR. Nor does it consider any of the other fundamentals.
BUT If a company has many things in its favour then ultimately it will rise. That is what the holders on here believe of AJX. That is why they're holders. But again they're operating on perceived probability & NOT certainty.

In my view, both TA & FA have their merits.
At times AJX threads on HC have been very interesting & educational for me from both FA & TA perspective.

Please don't continue to fight guys. We all have our opinions. Isn't that what we're here for? Not just to give them-but also to receive them.
Let's ditch the egos and stick to what's relevant.

We can all make $$ here if we buy & sell at the right time.

Listen & learn-or at least read & learn.

Which camp am I in?

Does it matter?

GLTA

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Excellent post Ptlas .
cheers g

AJX Price at posting: 68.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $17.31M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$3.3K	300K

Buyers (Bids)

No.	Vol.	Price($)
5	2072715	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	133	1

View Market Depth

No.	Vol.	Price($)
5	2072715	0.009
3	4111222	0.008
3	349012	0.007
3	544500	0.006
1	300000	0.005

Price($)	Vol.	No.
0.010	133	1
0.011	768054	5
0.013	240000	1
0.014	134311	1
0.015	431158	2

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TA opinions, page-507

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