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hahaha...
It's the tone of the post that's so revealing...
Though I must readily admit that bare words alone can easily convey the impression of unintended unfriendliness.
Oh! You misunderstand! :)
But you see.. I'm also commenting for the sake of educating the newer "players"... lest they take your word for it and condemn all TA charts....
It is not so much 'criticism' as comments of educational value, especially to newer 'players'... :)
(But your posts are clearly crticisms)... :)
Predicting future prices is not something I can do...
It is something for the professional analyst... :)
But I do understand that that is exactly what people love to hear (ie. price predictions)!
In any case, TA (with or without indicators) is just one of the many tools for traders to use.
While they may not be totally reliable, it is the best we have.
The important thing to remember is not to rely on "TA" as a fail-safe indicator of direction or future action. Taking immediate corrective action to avoid loss when TA 'fails' is more important (takes precedence) than making money.
In the post below, (Singaporegal) cautioned it may have been topping out when it was arount 2.70.
But it went on to rise and is coming close to 3.00 now.
Morgan Stanley purchased 1860 lots between 27 to 30 March.
During this period, UIC traded between 2.82 to 2.91.
Moving north above $2.70.More good news coming.
CEO Lim Hock San has accepted (pse note...accepted...not exercised) a 300,000 lot share option at 2.70.......premium of 5 cts from today's close.
The inference is that, for it to be worth his while to exercise the option, UIC needs go above 2.70.