Tuesday, August 06, 2019 8:50:30 AM
It seems to me like trying to predict the lotto numbers based on previous numbers.
Don't understand me wrong, TA works sometimes for stocks that are traded a lot, where traders use algorithms, but to use it on a stock that has almost no volume and that just seems to be floating around, makes little cense to me. Maybe some short term trader accidentally did find GERS and thought it was nice to buy and sell on the fluctuation. Do you really believe that the price movements, caused by his/her actions will last very long? It only takes one person to decide to buy a relevant amount of extra shares, and the price moves back up again.
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