Posted On: 01/22/2015 8:16:14 AM
Post# of 30066
Re: Deputy_123 #15905
The chart is healthy for a penny the 3 yr and 3 month both show healthy up trend however the channel on the short term (3month) just says buy in .07s sell in .09s like clockwork but for 3 years we have always bounced off the bottom upward trend which is beautiful
I suggest learning about charts its not rocket science although I am no expert. Just reading and practicing on the weekends or late nights I am constantly learning more. But its definitely important to understand the technicals....those who can with an average knowledge probably bailed b4 huge crashes like 09 saving their asses.
Start with learning the simple things like trendlines and classical patterns. I highly suggest spending 5 bucks on Amazon and buying Sticky Stock Charts then moving on to some other great reads diving into more patterns and indicators (SMA) (EMA) etc
What I have been doing is picking stocks going over the weekend analyzing the charting and trading with fake money based on my studying. So far if the money was real Id be def in the green! Some charts are so simple like GPRO for example you could trade back and forth in that channel like clockwork. I chose to buy at 47 with my fake money with a stop loss at 46.50 and sell at 54.50 its looking good!! Again this one is simple pattern.
I suggest learning about charts its not rocket science although I am no expert. Just reading and practicing on the weekends or late nights I am constantly learning more. But its definitely important to understand the technicals....those who can with an average knowledge probably bailed b4 huge crashes like 09 saving their asses.
Start with learning the simple things like trendlines and classical patterns. I highly suggest spending 5 bucks on Amazon and buying Sticky Stock Charts then moving on to some other great reads diving into more patterns and indicators (SMA) (EMA) etc
What I have been doing is picking stocks going over the weekend analyzing the charting and trading with fake money based on my studying. So far if the money was real Id be def in the green! Some charts are so simple like GPRO for example you could trade back and forth in that channel like clockwork. I chose to buy at 47 with my fake money with a stop loss at 46.50 and sell at 54.50 its looking good!! Again this one is simple pattern.
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