In my opinion, both the technical investors and foundamental investors make the trend together. Although for foundamental investors, speculation may not be their manner. But they often buy a lot of shares and hold for a relatively long period, say more than 1 years. Buffet and Peter Lynch are the examples of such investors. Although they don't want to speculate, what they have done still affect the market. That is they locked a big quantity of shares in the market. As a result, the share supplied in the market will be less. For the rest of share, technical investors would easily push the price up.

Therefore, the trend theory always works. Especially today's investors has learned both foundamental and technical analysis in their school. So technical analysis is becoming a common sense.

In my opinion, small investors could work with both theories. Since they can enter or exit the market very quickly. That's their advantage.

But for the Charted, I think it's still a good buy even from foundamental analysis.

Although the current situation for this company is not so good. But its business partners in China is growing. Yesterday, the company announced another cooperation with FuDan. After all the company is the leading companies.

Last time, you mentioned its two rivals in Taiwan. But you know. There is still uncertainty about Taiwan and Mainland. As specialist Yan Xuetong comments once the war start, Taiwan will be the only loser.

Another reason that I think high of this company, it is the company's produces. It will be increasing demand in this times. After all, the worst time for the world economy has passed.

In fact, I just don't think it's a good time to sell this share, when these good news were released. From Chart analysis, even you assume the volume on price-dropping day is from the former buyers. There is still quite a lot shares locked in investors' hands. That's why I don't think it's a good time to sell.

Btw, although I am not very familiar with the real work of these instituational players, I think they should use foundamental and technical analysis at the same time. I don't think there are a lot of people solely depending on either one.

Even if it doesn't rise these days. But you must give those who have already value the share to cumulate targeted quantity. Then you could expect the stock rising. The process should be very boring. But you must be very patient. Genelly, the mistake of most investors at market rising, is they sell it too early. It does make sense.

Image if you sell the share too early, then will you take the money out of market? Of course not, right? So what share do you want to buy?...Maybe the same one after a few days.

So, in TA opinion, you should wait at least till the major trend over.