RE:RE:RE:Another test of 140. To what I was saying. A little reading assignment for you.
also for ta to work you need volume. This is thinly traded. By the way you also use lagging indicators.
https://www.investopedia.com/terms/v/vwap.asp
Institutional buyers including mutual funds use VWAP to help move into or out of stocks with as small of a market impact as possible. Therefore, when they can, institutions will try to buy below the VWAP, or sell above it. This way their actions push the price back toward the average, instead of away from it.
apapas1973 wrote:
By no means is TA perfect Gnucky. Nor do I agree with it very much. The problem is it works because people believe it works. That's it. That's not right. We have indicators, we have charts and we have patterns. And unfortunately the people that can navigate through this the best, are most likely to succeed in a trade. "Most likely". Never any guarantees in this business. It's unfortunate but it's the modern markets today. The vwap is a lagging indicator Gnucky. Good luck with your one indicator you keep referring to. I'm forecasting out. Prior to a move. With multiple indicators. Not waiting for confirmation. My point will be made. You'll see. And then you can decide if you want to continue with your rants on here. It would be pointless. GLTA