It's ok to disagree, I respect that, everyone has the right to make his own choice.
But personally speaking, I bought 300o share @ 112 and 2 weeks ago because I read the chart(short term) and also I have the fundamentals(long term) to back me up, indeed this won't guarantee a profit but it does increase the possibility of a positive return and confidence of my investment.
Then I sold them all @118.5 because the chart is alarming even though my target is 130, so I made a profit of $19,500. And they price movement in the morning has suggested me to buy a small parcel, so I bought 1000 @ 110 coz I saw a decent support at 110, so far the price moved back to 112, so I made another $2000 profit. If I insisted holding the 3000 shares, then I would just be break even instead of getting the solid $19,500 profit.
BKL Price at posting:
$112.13 Sentiment: Hold Disclosure: Held