I think we may differ on the value of charting. But that’s ok, having many opinions is healthy for a board to have. Your statement of “There is no amount of charting that will give you a firm opinion as to where this stock is heading” is inaccurate IMO. It really boils down to valuations. We know what the valuations of fundamentals and what they mean. We can gauge what the news is worth to the fundamentals, what the impact should be, and technical’s is what we measure the day to day to see if were in the right track vs too high or too low. All have to be judged by those valuations we speak.
Here, July 12 tcnnf came out with 2 bits of news, a new opening in GA, another in OH. Both should be considered positive news. The stock however went from a little over 5, dropped to the 50-day mark at 4.43 bounce off that same 50-day mark and rose up to and closed at 4.63. It wasn’t the news that dropped the stock, it was the overbought, and it wasn’t magic that it dropped to the 50-day and then bounced, that was all tech. This is just one example, but I do think it pays to put proper valuations of all in the thought process. IMO
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