RE: Above 82p we move rapidly to 100p +8 May 2026 12:25
Pedro, charts are never wrong. They just buys and sells in the movement of the SP and represent it in graphical form.
It uses human behaviour that is reasonably and in some cases, highly predictable, to see if based on past trends, they are likely to be repeated again. Mostly its based on the emotional reactions of fear and greed and they often, being so powerful, overwhelm rational thought.
Its often stated that news will blow charts out of the water, but that is a fundamental misunderstanding of what a chert is/does.
If an RNS drops that causes a rerate of fundamental value to the stock then people will buy asap because they think the sooner they get in the more money they will make. That action will translate to a chart formation.
If you look at AVCT then nothing has changed at all. no revenue, no deals, trials without enough overall data. Yet the SP has been very volatile over the last 6 years. So why do people buy when the majority sell? why do people sell when the SP has and is going up?
Its too complex to know individually but charts do give an excellent indication as to what may come next because it distils it all into a readable format. And there is no magic about any of it (albeit its full of oddball names), its just human behaviour.
How that data is interpreted is why you will always get 2 views, because the SP always has 2 options. Its just what are the odds?
Given the SP is where it is and failed for so long to go further you could say it is likely to fall. Thats why so many sell at this resistance point. Bank your profit because it could well go lower. And then if this is the time it goes through the resistance then you can buy back in at say 85p.
Again its a misunderstanding to think just because you sell at 81p and buy in a day later at 85p that somehow you are or were "wrong".
Its not LTH. Its shorter timescales with potentially smaller but more regular profits. AVCT has in hindsight been a great tradeable stock because of its high risk for both profit and loss. Those 2 factors feed fear and greed and if you can step emotionally outside those pulls you have a great chance to make money using TA.