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Daily Candlestick Chart for SPQS
[img]stockcharts.com/c-sc/sc?s=SPQS
Current Account Balance: The Current Account Balance (CAB) is a function relating to a country's Balance of Payments (BOP), others being the Capital Account and the Financial Account. Basically, it is the broadest measure of international flows of capital, goods, and services in and out of a country.
Pt2. Weaknesses of Technical Analysis Analyst Bias
Furthering the bias argument is the fact that technical analysis is open to interpretation. Even though there are standards, many times two technicians will look at the same chart and paint two different scenarios or see different patterns. Both will be able to come up with logical support and resistance levels as well as key breaks to justify their position. While this can be frustrating, it should be pointed out that technical analysis is more like an art than a science, somewhat like economics. Is the cup half-empty or half-full? It is in the eye of the beholder.
Too Late
Technical analysis has been criticized for being too late. By the time the trend is identified, a substantial portion of the move has already taken place. After such a large move, the reward to risk ratio is not great. Lateness is a particular criticism of Dow Theory.
Daily Candlestick Chart for ADFS
[img]stockcharts.com/c-sc/sc?s=ADFS
$CLHRF BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=CLHRF
Daily Candlestick Chart for HYSYF
[img]stockcharts.com/c-sc/sc?s=HYSYF
$GTRL BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=GTRL
What is a stock split and a reverse stock split?
A stock split is an increase in the number of outstanding shares of a stock. The price of the stock is immediately adjusted so that the total equity remains the same. For instance, if a $100/share stock splits 2 for 1, there will be twice as many shares but they only be worth $50 each now. This is usually done to make the stock more affordable to the public.
A reverse stock split is a decrease in the number of shares. This is usually done to raise the price per share to meet stock exchange requirements or simply to look more "healthy."
Daily Candlestick Chart for CRPZ
[img]stockcharts.com/c-sc/sc?s=CRPZ
$CRPZ BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=CRPZ
Ascending Trend Channel: An ascending trend channel is a basic chart pattern used in technical analysis.
Ascending trend channels are a useful tool due to their ability to predict overall changes in trend. As long as prices remain within the ascending trend channel, the upward trend in price can be expected to continue. As soon as prices exceed either trendline forming the channel, however, a strong signal either to buy or to sell is generated. A break through the upper trendline generates a strong buy signal, while a break through the lower trendline generates a strong sell signal.
Daily Candlestick Chart for SHMX
[img]stockcharts.com/c-sc/sc?s=SHMX
$EFTI BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=EFTI
Daily Candlestick Chart for RIGH
[img]stockcharts.com/c-sc/sc?s=RIGH
$APDN BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=APDN
$EVPH BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=EVPH
Broadening Formation: A broadening formation is an example of a consolidation pattern and a highly useful tool in the prediction of the likelihood of a reversal in the direction of a current trend. When found in an uptrend it indicates not a continuation of that trend, but a near-term reversal of the price action.
The broadening formation occurs when the fluctuation within the price produces a series of higher highs and of lower lows that steadily widen over time and are generally thought to be found only in found in topping formations where they are considered to be the result of unrealistic expectations of bullish investors.
Unlike the majority of other consolidation patterns, broadening formations feature increasingly wide ranges and are subject to much greater levels of volatility as time passes. Volume levels increase as the share price rises, which although normally indicates a bullish position rallies in this instance usually prove to be very short lived and the following declines are prone to decimating former support levels leading to an eventual collapse.
$ARCS BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=ARCS
Gaps and Gap Analysis
Have you ever wondered what causes gaps in price charts and what they mean? Well, you've come to the right place. Just in case, a gap is an area on a price chart in which there were no trades. Normally this occurs between the close of the market on one day and the next day's open. Lot's of things can cause this, such as an earnings report coming out after the stock market has closed for the day. If the earnings were significantly higher than expected, many investors might place buy orders for the next day. This could result in the price opening higher than the previous day's close. If the trading that day continues to trade above that point, a gap will exist in the price chart. Gaps can offer evidence that something important has happened to the fundamentals or the psychology of the crowd that accompanies this market movement. Before we get into the different types of gaps, here is a chart showing a gap so you will know what we are talking about.
McDonalds Corp. (MCD) Gap example chart from StockCharts.com
Check Out $MINE On PennyStock Tweets
http://www.pennystocktweets.com/stocks/profile/MINE
NITE-LYNX $ITEX BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=ITEX
There are no refunds on Wall Street, so do your research and focus your trades on damaged stocks rather than companies
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http://www.pennystocktweets.com/stocks/profile/TRLI
A break above resistance shows a new willingness to buy and/or a lack of incentive to sell.
NITE-LYNX $TTNP BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=TTNP
For All Your $AUMY DD ~ Use PennyStock Tweets
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#2 Support and Resistance
Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excessive supply (down) and demand (up).
Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large.
$CTLE BarChart Trader's Cheat Sheet NITE-LYNX
http://www.barchart.com/cheatsheet.php?sym=CTLE
More On $NNSR At PennyStock Tweets
http://www.pennystocktweets.com/stocks/profile/NNSR
There will always be a better time to leave the table, so it is best to avoid the fleeing masses
BarChart Trader's Cheat Sheet $NWGC NITE-LYNX
http://www.barchart.com/cheatsheet.php?sym=NWGC
Put another way, the consumer staples sector outperformed the consumer discretionary sector. Also notice that this ratio peaked ahead of the S
For All Your $MDIN DD ~ Use PennyStock Tweets
http://www.pennystocktweets.com/stocks/profile/MDIN
NITE-LYNX $HPNN BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=HPNN
Use PennyStock Tweets For All Your $MRDDF DD
http://www.pennystocktweets.com/stocks/profile/MRDDF
The hard trade is the right trade: If it is easy to sell, don't; and if it is easy to buy, don't. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidelmeyer taught us this twenty five years ago and it holds truer now than then.
NITE-LYNX $PUDA BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=PUDA
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Investor Hub Alerts: Sign up for 'STOCKGOODIES PLAYS OF THE WEEK ' E-Mail List UPDATE; 5-1-22 courtesy of charting /\ wit tweezer top calls /\ Tony @Montana_Trades Really good study sheet on Candlestick Patterns [-chart]pbs.twimg.com/media/FRn8188XMAAdZvk?format=jpg&name=small[/chart]
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