"White-Haired Stock God" Serenity: Technical analysis is more like "trader astrology"; it should return to fundamentals and capital structure

Odaily Planet Daily reports: "White-haired stock god" Serenity posted on the X platform that technical analysis (TA) is more like traders' "astrology," fundamentally a combination of confirmation bias and market psychology used to judge market sentiment, rather than the core factor that determines prices. The sharp rise of multiple stocks is not driven by chart patterns but by fundamentals and expectations, for example, SIVE's approximately 1900% increase was driven by the market re-pricing future revenue expectations related to JBL and GFS; AXTI's approximately 8000% increase is related to industry logic such as indium phosphide substrates, photonics demand, and export controls.

Technical analysis mainly reflects the psychological expectations of market participants, and perhaps can be used to find entry points, but the true factors that determine stock price movements should include industry theme linkage, changes in profit expectations, macro environment, financial report performance, and circulating share structure. The long-term potential of a stock should return to fundamentals and capital structure, rather than "chart faith."