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How to read the stock chart

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raju2marklin

Posted : Monday, February 25, 2008 6:09:41 AM

Registered User
Joined: 2/25/2008
Posts: 2

hi,
How to read the chart in the screen and analysis whether the stock will move up or not..

Craig_S

Posted : Monday, February 25, 2008 8:05:31 AM

Worden Trainer

Joined: 10/1/2004
Posts: 18,819

This question is beyond what we software trainers can answer. I will move this to the Market Talk forum for you so others can offer their opinions.

- Craig
Here to Help!

funnymony

Posted : Monday, February 25, 2008 12:20:21 PM

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Joined: 2/5/2006
Posts: 1,148

basically you determine support, resistance, and trend using trendlines,and moving averages. then using the various technical indicators to determine whether the equity is showing underlying technical strength, weakness, is oversold or overbought, and give buy/sell signals. then look for classical pattern formations, ie double bottoms or tops, triangles, head and shoulder patterns, etc, and enter a position upon pattern confirmation, given there is a good risk/reward ratio(so you'll need to determine a potential price objective and stop location beforehand).

see its simple.

cheers.

funnymony

Posted : Monday, February 25, 2008 1:14:15 PM

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Joined: 2/5/2006
Posts: 1,148

heres a good book to start with.

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications
by John J. Murphy

Sir Bollinger band width

Posted : Monday, February 25, 2008 8:45:59 PM

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Joined: 12/8/2004
Posts: 213

QUOTE (funnymony)

heres a good book to start with.

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications

by John J. Murphy

I would start with Worden videos.

funnymony

Posted : Monday, February 25, 2008 9:27:10 PM

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Joined: 2/5/2006
Posts: 1,148

i think murphy's book would be better for a beginner, because it gives a very broad comprehensive overview of technical analysis, stock market theorys, trading systems, and money management., and ties it all together. it'll give the beginner the "big picture."

i think the worden videos would be good for "further reference" once there is a good general understanding of technical anaylsis.

diceman

Posted : Monday, February 25, 2008 9:37:37 PM

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Joined: 1/28/2005
Posts: 6,049