Ep 149: Reviewing 20+ Stock Charts [Technical Analysis]
★ SUMMARY ★
Today’s episode is going to be about stock market wisdom. We’ll take a look at a list of 20 different stocks and review them, they’re not in any particular order, but they are the most popular ones, as far as the market goes and as far as trading volume, so I’ll give you some insights about these stocks, how they are moving, acting, behaving, and I’ll evaluate the overall market.
You have to look at the big companies, and see how those companies are behaving. And if those companies break down, then the market is going to break down, because they are the leader companies, they lead the market, and generally if they move up, the market moves up, and if they move down, the market moves down. And this is simply because in these companies is where all the money is, because a lot of people are trading them. These are companies such as Facebook, Google, Apple, Amazon, etc.
We’ll talk about pull backs. Pull backs are a great buying opportunity, because later things can move much higher. The market in general continues to go higher; however, pullbacks are necessary for the health of a stock and for that stock to continue moving up. That’s why I like it when stocks pull back.
Also we’ll talk about support and resistance levels, we’ll evaluate volume and price, look for trend lines and patterns in the charts, and try to predict the future movements of the stocks.
Posted at: http://tradersfly.com/2017/08/ep-149-reviewing-stock-charts/
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