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FlyFishingStocks

05/07/24 8:18 PM

#424035 RE: ramfan60 #424033

Ramfan, how so? Please explain

any news good or bad will throw them out of whack for a time



good or bad news simply moves prices to extreme edges; a place where very profitable trades happen.
good news can elevate a stock price to overbought levels in a hurry. If unsupported by volume, those prices quickly meet supply and a retracement ensues.
Bad news can produce a mirror image of the above.

TA is very good at sorting out synchronization between technical and fundamental strength. Its even better at identifying bullish or bearish divergences between the two - which lead to squeeze reversals.

So no, respectfully (IMO), your statement is 180 wrong.