" I'm not too fond of technical analysis. I think, for the most part, they are self fulfilling prophecies or at best, a coin flip."
thats exactly what they are...IF no effort is made to take the time to understand them...
i have always said that t/a is more of an art than a science...the technical indicators rarely present themselves as Rembrandts...they are more Piccaso...they are more abstract than portraits...
but imo, t/a has to be incorporated with fundamentals...if i see a stock that, through t/a, shows me it has possibilites, i confirm that with fundamentals...i try to find out why the stock seems ready to move or is moving...
but crap happens anyway and you have to be ready to take your losses or profits and move on...or wait....you dont even need to be right more than wrong...you just need to shed your losers quickly and let your winners run...
t/s isnt learned quickly or from a book...you learn by doing it and it is usually costly....but very profitable once you get it...
i woulnt hold kblb for years...but in 2019 i saw that news was coming out and the pps was moving...i jumped on board...my average pps was about .07 when it ran to .50....i considered holding it long term....but when kim announced the r/s, i was ready to dump those shares...i hesitated however, believing that kim must of had some sort of plan i could not see...he couldnt possibly have just decided to do the r/s out of the blue...i was wrong...
i held a little too long...i sold it all in the mid .20's...i took that money and put it into fcel at about $4 because i could see it was about to run...it fairly quickly ran to about $29...i sold it all however at about $23 and $24....it ran on speculation and i didnt want to be greedy and risk losing more than i should have...like i did with kblb...
but i digress...
"It sets up a long-term uptrend that the stock is very likely to follow."
agreed
"And that is exactly what has been happening since it crossed on the May 22nd/23rd."
correct...but i believe the uptrend started in Dec...we just didnt get the golden cross until May...
"This should continue steadily upwards for at least a few months, IMO"
with the right news, the trend could last for years....i cant say it will...but it surely could...
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