Else Nutrition Holdings Inc (BABYF)

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Forbes: "Technical Analysis Drags Down Performance"

"Surprisingly little research has been conducted on the actual results from technical analysis. The existing literature essentially ignores the real-world performance and instead focuses on the theoretical effectiveness over select time periods when abnormal profits have been earned.

Until recently, the only study attempting to measure the trading records of investors who used technical analysis dates back to 1980. In "Portfolio Design and Portfolio Performance: The Individual Investor," researchers Wilbur G. Lewellen, Ronald C. Lease and Gary G. Schlarbaum matched transaction records to investor survey responses from the period 1964-1970. Their findings suggested that technical analysis severely degraded the performance of individual investors’ portfolios."

Else shares may rise or fall, but TA won't help you find out which

https://www.forbes.com/sites/rickferri/2014/06/02/technical-analysis-drags-down-performance/?