what is technical analysis in share market?

[brocode]

@brocode

its basically astrology for stocks

muh patterns

bunch of bogus
nothing more faggy than using technical analysis

some technical analysis indicators can be useful, like RSI and stochastic (mainly these 2 really), to see how much people are dumping and buying stocks. but apart from that, especially those fag bull run and bear run patterns are legit foid tier astrology that mean Nothing.

@OP: study the company well, know the company in and out, their core products, their side products, their revenue streams, their financials, their growth, the public opinion of the company, see what they are trying to do, see if they are executing what they r trying to do.

u r literally buying shares of company. giving ur money to buy a stake, albeit small, still a stake. u wouldnt want to "own" little shares of dogshit companies would u? would u wanna be associated with that? of course not.

research in and out of the company, go through all their financials, and make a review for urself, u urself should be the one doing it from scratch.
if u truly mire the company still after all that, buy its shares. if u dont have the confidence in them or dont feel interested, dont buy its shares.

and if u wanna daytrade, drop the idea if u have small cash. day trading is something which basically returns negligible amounts over a whole month if u r dealing with small cash, and by small cash i mean $5k to $40k.

to add to this, i would suggest, picking a niche or a topic of field u have interest/expertise over, for example, oil.

that way u will have more of a thorough, unbiased, and legitimate overview of the company. and plus u generally benefit from having that "core knowledge" giving u an edge.