Serenity Calls Technical Analysis 'Traders' Astrology,' Says Fundamentals Drive Stock Gains

According to BlockBeats, on June 14, trader Serenity argued that technical analysis is "traders' astrology" that mainly confirms bias and exploits trader psychology, but cannot reliably predict stock gains. Fundamentals—not chart patterns—drive stock moves. Serenity cited SPCE's rise, driven by market pricing of future revenue for JBL and other semiconductor firms, and AXTI's 8,000% surge, fueled by indium phosphide substrate demand and export controls, not candle formations. Serenity stressed that proper research focuses on thematic links, catalysts, earnings forecasts, and macro events to determine fair valuation; technical analysis should only aid timing and risk control, not determine final target prices.
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