RE: Daily Chart21 Apr 2022 15:56
@latpull, thats not what i use them for, it shows over time how sentiment is changing towards a share, its shows areas of interest, where to take your positions and where to set limits.
The chart actually shows the very thing you say, its news driven around the areas of news, else it reverts back to trending. You might laugh and please do but you will see on charts with TA how the the share price keeps with in the ranges of these indicators.
I use every tool i can to win, company research value for money, edge over the market (buying in an oversold market), Risk Reward, News and TA.
There is no right or wrong way, just the way that gives you the edge to win and a bit of excitement along the way ;-)