Most people think charts predict stock prices.


Fibonacci retracement.
Bollinger Bands.
Moving averages.
RSI.
Here is the problem...
Give the same chart to two different technical analysts.
One says it is super bullish.
One says it is super bearish.
Both give you 10 reasons why they are right.
If I am going to buy a lemonade stand I am not asking what the Fibonacci level was 2 years ago.
I am asking how much money does it make.
What are the margins.
What is the growth.
What's the profits.
Same thing with stocks.
EPS is the most important only thing that matters long term.
Charts react to it.
They do not predict it.
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