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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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