I don't understand your distinction between TA having validity for a 'globally significant stock' and others - though I would argue that for extreme penny stocks TA is generally not used due to their inherent volatility (among other things).
All stocks move on news and outlook -- TA - at least insofar as chart patterns and volume/price indicators - is reflective of that. I don't personally use Fibonacci because I agree that it looks like numerology - but I haven't looked into a great deal so am perhaps wrong. However, I think there is strong utility in volume/price indicators, patterns (price movements), and support/resistance levels which are readily interpretable in terms of investor psychology and are indicative of outlook etc.
But to each their own ..
- Forums
- ASX - By Stock
- Van Eck - ETF Buying Opportunity
I don't understand your distinction between TA having validity...
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RMS (ASX) to my watchlist
|
|||||
Last
$2.16 |
Change
-0.005(0.23%) |
Mkt cap ! $2.449B |
Open | High | Low | Value | Volume |
$2.16 | $2.18 | $2.13 | $4.307M | 1.996M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 105885 | $2.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.16 | 43439 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
51 | 106047 | 2.150 |
50 | 174935 | 2.140 |
21 | 145076 | 2.130 |
16 | 121918 | 2.120 |
10 | 66190 | 2.110 |
Price($) | Vol. | No. |
---|---|---|
2.160 | 43439 | 19 |
2.170 | 175212 | 22 |
2.180 | 77331 | 14 |
2.190 | 255765 | 8 |
2.200 | 185678 | 11 |
Last trade - 15.27pm 03/09/2024 (20 minute delay) ? |
Featured News
RMS (ASX) Chart |