MOL 0.00% 6.9¢ moly mines limited

chart, page-11

  1. 22,593 Posts.
    fontenay, No not so any company with volume can be read via the charts even MOL it does not matter as chartists have been doing for yonks.

    If you read my footnotes I state there that I disregard the fundamentals of a company and what I can see on the chart at present can obviously change on a pinhead because of the reaction of a fresh report, that I state as well.

    Outside the reaction of reports a SP can be imo roughly predicted, just have to find the areas of weakness versus strength. That's were you may be finding it hard to follow how chartists can see this strength etc, it not that easy to do it took me yonks to half achieve. As I have said I'm in only for ST profits, the world is made up of LT investors and ST traders. lol
 
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