Which is where we get the term Random Walk.
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Technical analysts look at charts the same way a doctor would look at x-rays.
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If on or before the expiration date Xyz is trading at less than $40 per share then you would not exercise your option and you would have lost the price you paid on the option $5.
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This is how I approach the market but at the same time I am aware of any big announcements that may be coming out.
The capability to draw trend lines and can you can add moving averages.