RE: Beginners Questions
(2014-02-18, 02:13 PM)isatrader Wrote:(2014-02-18, 02:07 PM)acito616 Wrote: 1: Stage 2A
2: Rising 30W ma.
3: Volume looks to be almost double its ma.
4 & 5: Relative performance is above the 0 line and rising.
6: resistance is about $4.75
7: I would buy once the price exceeds the $4.75 pivot point as long as the volume continued to increase, this would also put it at new 52 week high.
I've had my best luck with 52 week and all time highs.
Both the sector and market are rising.
Also, once it exceeded its pivot point I would call it a stage 2.
Good stuff acito616,
I will post marked up before and after charts later once a few more people have had a go at analyzing it
isatrader,
Thanks, I'm going to spend some time on Stockcharts.com and Google researching the Kijun Line you posted. I spend a lot of time drawing my own support and resistance areas so from first glance this "Ichimoku Kinko Hyo" might help make my work a little easier.
acito