That would be true if we were under dilution. But we're not. It would also be true if we were trading so low that it doesn't matter. But we're not. The chart is extremely applicable here Here's some proof.
I posted this video a while back. I used technical analysis to show why the stock was trading in the way it was trading. And I was right and it did exactly what I said it would do. I have laid out the rules that this chart follows and it continues to abide by those rules.
My explanation is a little more intricate than clay traders chart and it is more fine tuned especially with dictation of levels of support.
With no dilution this is all retail trading VFIN isn't here to push this down and make the chart unpredictable and useless.
In the examples I've posted today every indicator I use has been right since the beginning of this up trend. Read what I wrote and compare it to the chart I provided with the technical indicators I provided and tell me it doesn't make sense. Tell me there's no pattern.
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