I use TA and i can tell you that TA has absolutely no relation to stock price at all. Earnings are the only thing that legitimately decides a stock price. However, why TA works is because you are essentially viewing psychological levels from the past. How did this stock react around even #'s and where did people accumulate the most stock etc. Lastly the reason TA works is because there are enough TA analysts out there to move the market when generic TA events occur, like breaking support/resistance levels etc. All in all TA is a self-fulfilling system of trading. If no one believed in it, it wouldn't work, but people do, so those arbitrary lines on a chart actually mean something.
I do not know who you represent ,but you are right on one thing,TA won't buy you anything if you are long.
That's agreed( and I am a super long) I claim it won't buy you anything even if you are short.
TA is good to for the TA companies, It does not give any
extra info when you really need some advise, like un the
CRNT is going for delution.
What can TA do for me in prediction delution price.
See what happens to CRNT price right now: pure manipulation
, that's all.
As I said, there were not any reason to the analysts coordinated attack on CRNT (the very same one who pushed it up)unless it is related to delution.
All the data the analysts provided including the unsignificant NEC issue, was already on the market.
My bottom line question is , what TA can do for you in this
case? What trends can it give you to predict delution price?
You know exactly who is setting the delution price.
I know people tend to buy BUZwords, but that what marketing is all about: Resistences, false techniques with Latin names and so on.
One thing I am sure Warren Buffet is not using TA.
Who care about all this, this is pure BS that people pay money for.
A stock will go up and down without any relationship to
CRNT is not continue it's ralley because some people think
it run too quickly up...
May be connected with dilution or any other reason, but not with BS like DMA .
Simple as that to my opinion.
All of a sudden all the analysts think CRNT ran too quickly.
They have just forgotten who pushed it up...
The same analysts.
The question is why they have changed their mind when there
is no justifying reasons for that.