To the purist Technical Analysts, charting plays an important role in entering and exiting market. To an extreme extent , they say everything that bound to happen are shown in the chart.
Unlike their other counter part i.e the fundamentalist, they rely more on balance sheet and the prospect of the company in terms of eps, net profit , sales and CANSLIM (O'neil formula ) to value investing(Graham) in their investing decision.
To rely solely on TA , an expert of TA in the long term will back to square one. For fundamentalist in the long term together with TA , they will be the winner and all laughing to the bank.
What is the best method to invest in the market ?The fundamental is the safety net plus Technical analysis is the timer.
Thanks for reading.....
