RE: Drop20 Aug 2020 11:30
In my defence, I looked at daily chart, with little inference on DMA, or even RSI's... and tbvh I keep it simple, hence why I stated "WTFDIK", ...But saying that I have friends who rely on charts much more extensively than me and have guided me on sp and sentimentality movements on stocks, and I have to say they have called it right majority of the time.
I too, like you, dismissed charting initially and was opposed to its use in price movement, but have now reconciled to the facts that it can, and does be used to foresee SP direction. My inference alone was based on daily movement and direction along with sentimentality in the retail sector. The daily still shows support in the 57 area btw but wtfdik lol