Archive for Patterns
1. Chart Reading Made Easy. Bar Charts & Candlesticks – Learn Stock Trading
Posted by: | CommentsHow to read a stock chart – Technical Analysis
Welcome back, and welcome to 5th Grade, you are doing well!
This section is all about understanding a basic Chart. Known as “Technical Analysis” Chart reading enables us to visualize a stock not through numbers, but through patterns. It enables us to get to know the stock, see its history, learn its personality and make a value judgment on its future.
We will start with a basic price chart and move on to technical indicators and how to assess their important and meaning in future sessions.
See below a stock chart of INTEL (INTC) what does this tell us? Well an awful lot actually.
What does it tell you?
TeleChart2007 chart courtesy of Worden Brothers, Inc. Read More→
2. Trend Lines, read them or weep! Learn Stock Trading
Posted by: | CommentsIf you cannot draw a Trend-line you should not invest in the stock market!
In this section we will examine how to look at price movement and use it to evaluate the stock.
Price is known as the most important indicator and so it should be, when it boils down to it the most important thing is the price.
Here we can see a chart of Broadcom (BRCM), one of the darlings of the tech bubble; I lost plenty of money on this one through inexperience and greed I have overcome both of these personal flaws since 2001.
TeleChart2007 chart courtesy of Worden Brothers, Inc.
Read More→
