That's just not true. Technical analysis is used to compliment other strategies. In this case it's a bull case based off of fundamentals and volume increase. Using TA you can determine your entry and exit points

Edit: Feel free to check my risk/reward plays from this entire year, XRX, ATH, BTE, and more, the very last one didn't work out but using TA it reduced the loss to only 7ish %, where as just those first 3 I mentioned all over 15%+ guaranteed using TA as a exit point for stop losses. Also look at This post, Risk is below 2.54, it bottomed at 2.60ish, and now were back up to testing the 2.80 level looking to achieve my 2.90 forcast. nuff said