TA Charting Thread, page-172

It's all fun mate. Helps to learn by looking at them and seeing what happens.
I can't do it myself anymore as I invest through my phone these days so I don't put up the charts like I used to but just pull up a weekly over a year or two and put in some resistance lines and count how many times the tails, opens and closes touch them and the line with the most can go down as the strongest. It's all still like trend lines though where things can change and you can't chart human emotions. Slight trades on closes and gap ups from human exuberance can skew things.
I used to write them down, the amount of times the candles touch or trade on the prices and then look through a monthly chart too and guage that
Posting these thoughts can also influence the humans too.
If anyone posts for example 15c is a major resistance, then when the price gets there, they'll trade out thinking it may stop or drop after it hits it.
It all becomes a bit self fulfilling and can come back and bite the chartists .
Sometimes it's just best to not project certain things and just let the sp go in its merry way.
Individuals can use it to trade themselves instead of herding the humans so to speak .
The sp traded down below the short term moving average(10) and was seen to break a trend line but it didn't touch the 20 period average and has now closed up above the 10 period average. And the way I'm seeing it is it's not closing I'm it's high.
This maybe controlled by bigger forces trading to avoid a gap up in the open the following day.
This is something I'm thinking along the lines of anyway.
It's trading beautifully imo.
This can truly be a 600% plus stock this year and easily a lot more.
Depends what the board can achieve and whom they partner with.
One things is for sure though
I really haven't seen any board do a raising like they did here at 3c whereby the flippers were excluded with the stock in long term investors hands
It ultimately makes a sp run and keep running imo

I just hope they can do any announcements during trade after trades have been made on open and avoid gap ups.

I and a lot don't want to see all the sheep rush in on pre open only to see it open a few cents up the close down for the day, itll just make things look like the trend has blown off and give the impression a top is in.

Perceptions and sentiment go a long way