thecharttechnician

Long Term Trend of CGF & current COUNTER-TREND move as shown.

ASX:CGF   CHALLENGER LIMITED
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What is the ultimate goal in Charting ? Could it be a profitable trade/investment ?
Does it matter if the intended trade/investment is trend or counter-trend ? Not in my book, as long as the multi time frame analysis is done thoroughly.
Are there guarantees either way(trend or counter-trend) ? A big NOOO.
If I was to open a position with CGF , would I use a monthly chart to enter or exit ? A big NOOOO.
Here is the monthly chart of CGF , as I see it, for educational purposes only.
Cheers

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