The charm about the stock chartSome people really do not believe the chart. I did not either 15 years ago when I started buying/selling stocks. After lost lots of money, then I realized that there is indeed a market rhythm that I should follow. Especially when the objects were traded globally by lots of market maker. The fundamental is the driver but the it is the traders psych drawing marks on the chart.
Look at this gold 24 hours chart. Amazing right? You can see where the resistance is and where the support is. Of course, the trend will fail at one time, but before the trend changes, it follows the rule.
By reading these charts, I am making profit consistently on HGU/HGD HEU/HED, XEG/XGD.
TWD is not very trendy stock. It simply because the is no big market maker here. He comes and goes. From the chart, it appeared he come a few days or weeks before the news. For rest of the time, all retailers are playing. But with more and more market makers coming here in the not long future, I can see that it will follow a certain pattern. So get ready. That is my opinion.
