thecharttechnician

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

ASX:CGF   CHALLENGER LIMITED
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.