Morning everyone. I have noticed that many here
Post# of 56323
Because of that, you will find as time goes on, the action of the pps will change due to more stability as the price goes up. It will not be as volatile with wild swings of high's and lows, and trendlines will be a lot more obvious and easier to predict.
Last week, I supplied some recourses which could be learned to help you understand the basic's of TA, candles, etc..
One of the things which you will find extremely important to know is the part of TA called trendlines, as they will give you very valid ways of when to buy, hold and sell your stock. One of the things I do on stocks listed on the upper exchanges, is to catch the highs, sell part of my position, take a percentage of the profits, and then re buy, on the dips.
When a stock has a very strong fundamental base, is making money, has little debt, you will find fund managers want to get in to make money for their clients. I feel that over time, that is exactly where we will be.
That said, what the chart will start looking like is a stair step, ascending, then, you will notice a pullback of perhaps 10%, then the stair step again. Take a good look at any really good stock and you will see what I am saying here. So, how do you know when a stock will do a particular thing, up, down, or sideways, ahead of time?
I am supplying a link to a site that really explains well about TA, and trendlines, and what they mean. In my view, very helpful.
Remember, you will have time to do this, so enjoy the read, and play around with it until better understanding comes to you so you feel confident in making your decisions. That is important.
You can use these things with pennys, but, it is much harder to do, and you will find your self often wrong. OTC is one of the very few people I have seen that is good enough to be correct, consistently.
Have a great weekend, and stay safe. GLTA
http://stocata.org/ta_en/patterns2.html