Sure. Charts can be less useful for illiquid stocks or as you say ones that have just listed. However I'm talking about volume analysis here, not historical support and resistance. Big difference. I've gone long off exhaustion bars a hell of a lot of times and the success rate is pretty darm good compared to other technical indicators and formations. I imagine it's because individual bars can be manipulated with small trades, whereas volume says loud and clear what big money is doing or not doing. I'm not even a big chartist and prefer balance sheet analysis but may as well utilise some of the formations with high success rates imo. Let's see how it pans out over the next week. Maybe I'll get stopped out today lol
