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Whalatane

02/01/25 7:56 PM

#432779 RE: FlyFishingStocks #432777

FFS TA may work for some until there is an unexpected announcement ...major clinical trial fails or spectacularly succeeds .
DeepSeek comes out of nowhere and decimates NVDA when the market opens .
If NVS announce a bid for AMRN before the open on Monday ( as example , not predicting ) your TA analysis gets destroyed .

Having said that ...in trending markets I consider TA. Traders pay attention to over sold RSI readings , 50 day MA , descending or rising chart lines etc etc , but IMHO ....fundamental events like buy out announcements , trials stopped for serious adverse events etc ...trump all

JMO
Kiwi