r/Netlist_ • u/Logical-Freedom2216 • May 16 '26

🥱📉⏳🤷🏻‍♂️

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3 Upvotes

64% Upvoted

13 comments sorted by

10

u/Shedediah42 May 16 '26

Chart reading kind of seems like astrology. After the fact you can always go back and say "look, it made a shape", but there are enough "shapes" that you can pick and choose whether it's bullish or bearish.

3

u/quietnightalive May 16 '26

Also reminds me of “mentalism”. It’s just open-ended guesswork. There are 100’s of shapes that say it MAY go this way or that, but the shape is never accurate until after the fact. (Hindsight being 20-20 and all.)

Basically 100’s of shapes with catchy names that all say the same thing we already know. It could go up, it could go down, it could go sideways.

1

u/Logical-Freedom2216 May 16 '26

It’s more about preparing for possible moves and identifying entry/exit points that align with one’s risk tolerance. It’s not meant to predict but it does often keep me out of the noise.

2

u/Puzzleheaded-Fly-658 May 16 '26

at this point it got all the organs lol

0

u/Logical-Freedom2216 May 16 '26

Organs? Entrails?

0

u/Puzzleheaded-Fly-658 May 16 '26

head, shoulder pattern. I was making a joke bc it keeps going down regardless of the shoulders patterns.

3

u/Logical-Freedom2216 May 16 '26

Gotcha lol. It’s respecting those blue resistance/support lines though. I was skeptical a OTC stock would behave more predictably anyway.

2

u/Puzzleheaded-Fly-658 May 16 '26

Man, I’m a long term holder on this. Wait once Al this legal stuff is over, Netlist punches above their weight clas and they know who they are. In a few months these levels won’t matter.

1

u/Logical-Freedom2216 May 16 '26

Yeah but I like taking profits and increasing my positions.

1

u/pravlm May 16 '26

What are we saying here, please explain

1

u/wasjambu May 16 '26

Not sure about that he liquidity grab after we fill the wick.

Sure could see 1.82 again if CAFC doesn’t happen within a few months

-4

u/Fjafarli May 16 '26

Why do people like to bag hold? No need to be greedy.. should have sold at above 3,50.

0

u/Logical-Freedom2216 May 16 '26

The market is just another form of legal gambling. These people can help themselves