Peeteman, as stated, though I study charts and invest according to what I see in the charts, I think I made myself clear in my previous post when I said, a good chart does not guarantee anything and when investing in speculative stocks most likely one will lose all before making a profit, in other words, in speculative stocks you invest with the expectation of losing it all. At least with the chart it give you a possibility of the direction the stock will move, though it does not guarantee it will move the direction of the chart.
I will not rule out a stock chart, and I do not invest through a stock being hyped. Look at GBTC, the chart is not a good looking chart, and at 3 plus I told my brother to invest, nothing to do with the chart, but because of bitcoin, and bitcoin moved it. In my opinion, this stock will go to the 40s and be taken over, but the chart looks terrible. So what is moving this stock up? Future expectation, and sometimes is the way one has to invest instead of looking at the chart, but one should not rule out a chart, they are helpful and most of the time the stock follows the direction of the stock. Why do you think I previously stated that IRNC, might stay right beneath the clouds? The chart is showing that, but I stated, it has to go into the cloud and hit turbulent, we will see its strength or weakness in the clouds.
I apologize for writing you a book.
