It's a great skill to have, being a chartist.
However, it is of limited value because there are so many variables. Most important is that stock trading is an emotional endeavor. Anticipation of gain and fear of loss are the primary drivers. That is very hard to quantify. I worked for a brilliant Investment Advisor as his IAR from 2003 through 2013. This Advisor had multiple programs to predict market sentiment and emotion all working together to give him indications of future market direction. In all the years I worked for him he never once lost a penny for a client, he always was profitable so, for some, it is possible to predict where the market is headed. This is a science that quantifies and predicts human behavior but it's flaw lies in the individual stock analysis moving forward. Even AI can't predict that with any accuracy.
No doubt, it is far more difficult to predict where an individual stock is headed. It is extremely complex and chart reading is only a small part and at best, an approximation. I appreciate and follow the chartists. I feel it has it's place but there is much more to investing success.
BRTX is one of those stocks for which I would love to know the chartist's opinion. What's yours?
Thanks for your respect.
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