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| Subject: Technical Nonsense | Date: 4/13/2021 6:24 PM | |
| Author: DoctorDoom | Number: 12 of 304 | |
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Stock A is at $100 per share. Technical analyst says: If it hits the uptrend blue wave thingy we should we $150-225. If we hit that range, it should be a strong confirmation of a new uptrend. But if it fails to hold $82, we could see $53, and falling below that will signal our count is wrong and we can expect a move lower. Huh? So if I buy at $100, and I hit $150 (a 50% gain) then I should start feeling good about the trade? Conversely, if I bought at $100, I should start worrying that it may go lower after I am down almost 50%? Genius. Doom |
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