My question is about the chart. Since DMND played games with the numbers and sales for the last 2 years or more. If I take out 2012 and 2011 from the graph of DMND. The stock has a strong base around $25 range.
Do you think the numbers or sales would support this range?
- Most of the one time charges are over.
- Oaktree does have a lot of shares at $10
- Financing is way too high - refinance please lol
How do you chart a company that has this many accounting issues.???
If I may, you are mixing methodologies. The underlying assumption of TA is that price is reflective of know (public) knowledge. You are far better (in my opinion and I am a CFA analyst!) to stick to pure technicals as the rest is truly voodoo toolsets. Don't worry about the unerlying reason for the stock price. Look at previous prices, time elapsed and other factors to gauge resistance/support. Hope this helps.