RE: Technicals17 Jul 2024 16:33
TA is OK, but not really suited to high volatility AIM shares. Yes, TA to a degree will try and predict movement, support/resistance, however, TA cannot and will not predict a black swan event, i.e. hitting a motherload of resource!
This and many other AIM shares are news, momentum, sentiment driven, throw in the odd resource find, a JV, and bit of rumour and the SP will rocket upwards.
The likes of Zak Mir, his TA and charting is about as good as a chocolate fire guard.
Kammy