I am afraid I am not getting how are these charts and pennets formations have any scientific basis. Stock price is determined by market value and supply and demand which is a very human decision. furthermore Market Maker influence controls the stock price greatly. How can a paper chart dictate very human decisions? I could see if this was an established blue chip stock how a trend might be seen under certain circumstances and market conditions but, I am thinking on pennnies these charts can not second guress human actions accurately. If I am wrong on this soeeone str8N me out.
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