technical analysis

Should ywou trust technical analysis? It really depends on your belief whether the purchasing price will influences 'sell ' decision. Theoritically, it should not. You should always base on your decision on the current foundamentals. But in reality, people do based on their decision partly on their purchasing prices. So the pattern do reflect the psycology. However, foundamentals will triump technicals eventually. My recommendation is to select a stock on foundamentals and timing the trade on technical analysis.