RE: Polygon16 Feb 2022 16:52
Doc83 steady …. I and many other investors like charting too. Charts give indications of future price based on previous price patterns - as I’m sure you’ll known. They can be a very useful tool. News will always be key, but even on news, support and resistance levels can often come into play. I say often, but certainly not always. Sometimes new highs and lows can develop if longer term support and resistance levels are broken through.
It will be interesting to see what develops upon P3 results, and whether existing levels hold, or new ones develop.
As a foot note, nobody should ever be remortgaging their house to invest (gamble) the money in stocks imho.
Atb