All very true. That's why T/A always works near term.Agree, however, i think the qualification here, and the lesson learned, is buy long term investments based on fundamentals, BUT the charts should not be ignored when timing the buy.
Also, the lesson i apparently still haven't learned, based on this buy, was never chase a stock up, especially on news. Something i need to work on.
Thanks for the comments
So yes... absolutely... you identify the buys, and then you apply T/A from the charts on your entry.
And not just that particular stock's chart... you have to use the index and also its sector charts.
Always incorporate the tide, both overall and sector specific.