I am in a dilemma. My approach is to buy & hold quality growth companies. I have done a thorough analysis of a company & the pros & cons of investing in it at the current share price.
I have concluded that the shares are currently very good value. But the current share price technical analysis (ie graphs) is poor.
I am torn between buying now or waiting till the SPTA is better.
If I buy now I would do so at a good price. But the SPTA says it may go down further in the short term.
If I wait till the SPTA is better, then I would probably have to pay a higher price. But there would be less likelihood of a short term price drop.
I could put in a limit order to buy at below the current price. But the price may not be achievable, and the deal may never be executed.
So what would you do & why do you think it is the best approach?
If you are talking about a smallcap:
I (imo only and ymmv) think short term sp movement only moves in a manner where it is open to TA when there is strong and clear positive or negative momentum over a long period of time (months)
Generally you see a lot of noise - viz Kape Technologies (LON:KAPE) etc.
Studies show momentum is 'real' and (imo only and ymmv) most - all TA based on share prices data is really searching - finding inflection points in momentum - others may have different views here.
TA based on volume or other data is different.