I didn't know what the company did. But the underlying technicals indicated a direction to me. The technicals were right. The tools of the technical analyst are indicators and systems which are used on price charts. These indicators all tell a story.
Many people believe that buy and hold is the right strategy for owning securities.
I don't agree with that. ABC might be a company you want to own for the long term. In the latter, you've made your money work a little more efficiently. In the case of the former, you've made money when the stock was going up, coming down, and then going back up again. Either way, your money has worked harder for you.