When you talk about charts, that represents the past performance. And that is a valid view if the short view is the only view. But that is a view for a day trader. Money is the only thing that is important and it is a fast and quickly as possible. All other view are invalid since I am not making money. Did I sum it up correctly.
You would never make it as a farmer. Plant seed (big expense) wait 3 to 5 months and maybe get a return?
Since Sid has been the CEO for about 4 months, what you said about him is not chart based.
And as you stated you are not a mind reader, but you used Sid's name which implies that you can read his mind. Just the facts.
Here some facts from today:
126700 Totals 732192
10000 sold 10000 bought
10000 sold 80000 bought
25200 sold 30000 bought
9000 sold 20500 bought
17500 sold 39500 bought
14000 sold 80550 bought
6000 sold 80070 bought
10000 sold 20000 bought
20000 sold 38,459 bought
5000 sold 1318 bought
47500 bought
143924 bought
5000 bought
35000 bought
10861 bought
89000 bought
510 bought
(Data from Fidelity chart for TDCP using 1 minute resolution.)
As you can see, there has been today about 7 buys to every one sells. But the price still falls? Maybe all the buyers should wait until the last 10 minutes to buy and let the pps drop for the best pps which will always be driven down if it is all sells.
But again it is only the short term view, if volume is any indicator, the buyers out number the sellers by a large margin even though it does not show in the closing price.