I wouldn't have thought that a diagram, showing a company's share price in terms of Support Levels, where Buyers dominate, or Resistance Levels, where Sellers dominate, can be described as "Technical Analysis".
And isn't that basic display of Price Movement closely related to the Numerator component of the Price/Book and Price/Sales ratios that are often discussed on this board ?
Isn't Technical Analysis more about chart displays of Indicators such as Moving Averages, Stochastics, Relative Strength Indexes, Bollinger Bands, MACD's, Momentum Diagrams, On Balance Volume, etc, etc, ? |
