RE: Zak - 0.7p Next on the Charts!9 May 2025 09:52
Charts are a theory,not a fact....and obviously,cant see newsflow,so pretty poor for long term trends.
but to me,they do serve a very helpfull purpose,on downtrend lows/bottoms/oversold etc.
zak mirs very good on that one.....resistance levels,i dont bother with them,to hit and miss.
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take obd for example...its had a huge drop,helped along by the dreaded placing,to me,its bottoming out around 040,so after that.....no idea about resistance levels,thhe market decides that.
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also worth noting,chartist on aim tend to be short term traders....so theyre out on those resistance levels....if reached