AAII New England Chapter

Interesting

Tesla still the top EV brand in the U.S., but its lead is shrinking Despite Tesla sitting atop the EV leaderboard in the U.S., new data shows competitors are chipping away at its lead.

All successful people are good at this.

I primarily use fundamental analysis because when I started investing technical analysis was considered like astrology. Also, for me, fundamental analysis is more intuitive to me. Increasing earnings is more intuitive than a cup and handle.
That being said, here are some reasons that technical analysis has some utility.
Fundamental analysis tells you about the past for the most part. Financial statements are backwards looking. Technical analysis tells you how people feel now. It reflects the emotions in the market.
Another reason it works is that it can be a self fulfilling prophesy. If enough people believe that a stock will jump when it hits its resistance point, it will jump, since they will buy based on that.
Also, before the financial statements come out, the employees, the customers, and the suppliers know how a company is doing. The institutions can figure things out from that, and that will show up in the charts.
There are some examples of technical analysis really outperforming fundamental analysis. There was a company called Enron which was committing massive fraud, but the financial statements did not show it. Somehow the market found out, and the price was a falling knife, and the company soon folded.

This is just an opinion, but I think technical analysis works best when only a few indicators are used. 4 at the most. More than that, and I think the indicators will contradict each other, and your brain will be in a fog.

I don’t think it should be used in a vacuum, but should be combined with fundamental analysis, and also and understanding of the business.

For me it is useful as a check. If the fundamentals are sound, and the product seems good, but the stock is doing badly, maybe I missed something, or maybe something is going on, that has not made the financial statements or news yet, but that the market knows about.