"If there is too much supply, prices will not be supported here."
I'm a fan of TA, don't get me wrong, but it's all these kinda statements that make people think that TA is a bunch of rubbish.
Re-read that statement. You've basically just said "if more people sell, the price will go down". Well no shite sherlock.
TA is useful, but only if you can use it for future price prediction. You'd be better off saying "I have no damn clue right now".
TA - UTAD ? discussion, page-408
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Mkt cap ! $12.49M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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