Technical Analysis

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Do you use technical analysis for a stock entry or simply accumulate as cash becomes available?

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Asked on February 21, 2024 3:55 pm
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Mat and I don't use much in terms of technicals to buy stocks or time entries. Although I don't completely disregard technical analysis, it's been proven that simply buying strong businesses and holding them for the long-term has been the way to compounding wealth. So I'd rather put my time into identifying those companies and simply buying them, rather than spending all my time trying to plan an entry point.
If you look at any long-term stock chart of a successful company, fretting over entry points based on charting patterns tends to seem a bit silly.

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Posted by Dan Kent
Answered on February 22, 2024 7:55 am
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Great advice………..thanks for that Dan! πŸ˜€
(Rick Reeves at February 23, 2024 3:31 am)