/biz/ - Business & Finance

>>23949444
checked but wrong. there are metrics used specifically by institutions which is why you see them being respected on the chart so frequently. also the keltner channel is just a volatility indicator, it's just telling you when price has moved extremely far away from the (long term) average price which often means it will reverse from there. it's useful for giving an easily seen metric for what is "low" and what is "high". it's especially useful since roughly 80% of the time the market ranges, so you really only have to account for the times when it doesn't which is usually for FA reasons which you're supposed to combine with the TA.

for example BABA is at the bottom of the keltner channel right now but im not buying it because they're only there because they pissed of xi jinping himself, also i don't trust chinese companies in the first place. so despite the TA saying to buy i don't, even though honestly it will likely wind up having been a great place to buy and hold or at least start DCA'ing a position if you think they'll be fine ultimately. that FA is the key.

>>23904909
that's what worries me and why im staying away from it. it's gonna feel bad watching it go back up and my meme lines being right, though. just like they were during the election dump. i never buy chinese companies in general but "the AMZN of china" is pretty tempting to be fair.