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How would you trade when market sentiments conflict with technical analysis?
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Meta Moo joined discussion · Apr 18, 2023 01:35

Market Sentiments vs Technical Analysis: How can they help mooers make sound and timely decisions?

Market sentiments and technical analysis are important factors to be successful in trading. Together, they offer valuable insights into market trends and enable traders to make informed and timely decisions. However, the relationship between these two is always complex and dynamic. It is not a rare phenomenon that the outcome of technical analysis contradicts market sentiments.
In our recent discussion How would you trade when market sentiments conflict with technical analysis, we asked mooers how they would navigate this challenging scenario. We are glad to receive so many inspiring responses. The poll revealed that over two-thirds of our mooers would prioritize market sentiments over technical analysis.
Market Sentiments vs Technical Analysis: How can they help mooers make sound and timely decisions?
It is also noteworthy that many mooers mentioned combining market sentiments and technical analysis actually helped them understand the market and make sound and timely decisions. Meanwhile, we also found lots of practical views. By learning from each other, we can broaden our understanding of the market and potentially improve our decision-making, with the hopes of maximizing profits and minimizing risks.
Let's take a closer look at the great posts.
View disclosures here.
Disclaimer: All contents such as comments and links posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its  affiliates. Please consult with a qualified financial professional for your personal financial planning and tax situations. The testimonials provided herein may not represent other customers' experience, and  there is no guarantee of future performance or success. Your experience may be different than the ones represented here.
Seize the trend by following market sentiments
@bullrider_21: There are various factors that influence stock sentiment, which include news and social media. These factors help influence stock sentiment as they impact market volatility, trading volume and earnings. Stock sentiment alone cannot always predict changes in prices, but a better understanding can be gained when combined with TA.
Market Sentiments vs Technical Analysis: How can they help mooers make sound and timely decisions?
When does technical analysis work best?
@Samooer: AMD is a cyclical company filled with a variety of TAs. TA pays off in terms of identifying entry points. While the trade is ongoing, it is especially important to keep up to date of the news that could waver market fundamentals. In conclusion, both TA and market sentiments are equally important. But if I have to choose between the two, I'll stick closely with TA specifically on *Stocks with strong fundamentals*.
Market Sentiments vs Technical Analysis: How can they help mooers make sound and timely decisions?
@VincentC: Actually, both could be true in a sense, just which will come first.. For example, positive news could drive prices up for a short instance and then once the hibe dies down, then it starts to follow the technicals. For me I would rather follow technicals as first priority as news tend to be very short lived.
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Put the two together to get a bigger picture
@cola1010: We can utilise technical indicators to discover prospective trading opportunities and then assess the news and market sentiment to see if there are any factors influencing the stock's price.
Apple's stock is expected to have a big impact on the market if it breaks through its current levels. However, this breakthrough could be affected by the Fed's decision on interest rates, and whether investors react positively or negatively to the news.
Market Sentiments vs Technical Analysis: How can they help mooers make sound and timely decisions?
As always, we would like to extend our heartfelt gratitude to all mooers for sharing your experiences and insights.
Disclaimer: This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. See this link for more information.
All contents such as comments and links posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult with a qualified financial professional for your personal financial planning and tax situations.Moomoo may share or provide links to third-party content. Doing so is intended to provide additional perspective and should not be construed as an endorsement or recommendation of any chat room, channel, services, products, guidance, individuals, or points of view.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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Meta Moo
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