Originally Posted by
trackers
Its pretty easy to point to a share that's gone up, in retrospect, and say "there, that's where you should have been buying" and conjure up a TA signal that fits. I'm seeing nothing in the chart below that accurately explains a share price rise from $15.95 on the 18th to $19.75 on the 20th - 25% on a $3 billion stock. Rising volume? No. Clear TA breaks? No - because similar signals triggered many times before with no response - You can't use retrospect to just pick and choose. Hoop, I agree with you when you say that if you used strict TA you would've been in in December and if you did that, excellent work
Overall, clearly I am an idiot, and the NZX too. Obviously they are not into TA. They mustn't be familiar with the rampant success of the MACD. Same as Forsyth Barr I suppose