why not
imho its nothing special about FA, its not more difficult or easier that TA
its just that FA is for investors, TA is for traders
investor speculate on value fluctuation to which FA applies perfectly, trader speculate on price fluctuation to which TA is applicable
as for the news, and price
one has to understand that the price is in the now
how long market will digest the news and how long the news affect the prices nobody knows
the term that all the news built in the price is correct , with one addition - current price
in five minute t will also be built in the current price , but price will be probably different
news can be traded by traders but not based on its fundamental impact (traders even do not know fundamentals) but as impulse created from this new's fundamental impact
and by the way trend-following on its own is not efficient and never was without ability to predict the beginning and the end of the trend... this goes beyond juts following.. in fact it presumes ability to play sideways movement as well