May 10, 2024
It would seem that the bottom has already been broken, but it turned out to be a triple bottom!
Technical analysis is based on investors' confidence that price movements are subject to trends that can be recognized - and therefore, earned. One way is to observe history. When big news breaks about a company—a negative report or a change in management—the vast majority of people react in the same way, which means investors may have a clue as to how stock prices will behave. A significant portion of trades are now carried out by trading robots, but their algorithms are also set up by people, and they are often even more predictable.
