Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?
They are quite good but not 100%. I do make use of those You just need to the best source or a group where you can get reliable analysis from experts, but it still doesnt mean you should go to bed and sleep, you still need to be at alert and watch your trade to know how things are moving cause it may not be as predicted. The analysis may predict left and along the way the chart may turn right and you will lose. Thats why I said they are not 100% reliable.