Charts !14 May 2021 23:30
TA is not perfect science especially with small caps. Currently with TILS im down just below £30,000.. But im not selling TILS. In fact I bought more at 71p, 72p, 77p 80p 81p, 82p. My average is above £1.20 and im happy to hold until im profitable. I trade what I see and if I see a double bottom or H&S I trade it. With TILS it has been very difficult to call the trade from the charts. If you look at TILS fundamentally it should not be below £1. I bought lots of TILS hoping that i will get free shares but that has not happened. Most of the TILS i bought was at much higher price. If you look at my history i have been here for a long time. I check this BB but i don't post here much. When i saw the price at 70p i posted what i thought was a good price to buy.
Look at the chart on daily and weekly you do see patterns. In TA you don't ask questions but put your trade on. H&S pattern is still valid plus you also have a big channel from 70p to £1.90. You don't have to believe anything i say but you can look at the chart yourself. When you look at the chart it has all the news in it.
If you want to trade full time then you need a system. You need something to base your tardes on. I use TA in most of my stocks, crypto, indices, etc and i have been profitable.
With TILS closing above 80p i think its positive. We should dip slightly on monday and then if we have buyers it could move towards £1. If you look at the closing candle it's bullish. I follow TA as much as I can. Everyone has their own way of trading.