Fidelity SPDR Advertisement
Home > Boards > Free Zone > All Trading - Technical > BullWarriorStocks.com

** Quick Chart Lesson: Drawing Trendlines **

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
ClayTrader Member Profile
Member Level 
Followed By 6,032
Posts 45,384
Boards Moderated 4
Alias Born 12/27/06
160x600 placeholder
Heineken has agreed to sell its Mexican packaging business to Crown Holdings for $1.23 billion in cash, allowing the Dutch brewer to tighten its focus on beer.
More Top Equities Stories Of The Day
Apple Investigating Reports of iCloud Vulnerabilities
US Court Dismisses Aluminum Antitrust Cases
J.P. Morgan Working With Law Enforcement on Cyber Attack -- 3rd Update
U.S. Hot Stocks: Hot Stocks to Watch
Ex-LPL Broker Ordered to Pay Nearly $2 Million
U.S. Hot Stocks: Hot Stocks to Watch
Amazon, Twitter Gains Lead Techs Higher
Ukraine Tensions Spur U.S. Stock Futures Downward
ClayTrader Member Level  Friday, 09/28/07 11:23:41 PM
Re: None
Post # of 49772 
** Quick Chart Lesson: Drawing Trendlines **

Along with support and resistance levels, trendlines are one of the most basic, yet important aspect of technical analysis.

Trendlines main uses are predicting future support/resistance areas, or alerting us as to "when" a breakout (or breakdown) has occurred... meaning, if the trendline is telling us a resistance level should be at point X, but when the price reaches point X, it goes right through, that would be known as a "breakout".

Trendlines are very easy to draw, but you must first understand support/resistances. The easiest way to think about drawing them is a "connect-the-dot" puzzle. Your dots are going to be the points of support/resistance, and when you connect the dots, BOOOOOM, you got yourself a trendline :)

Below are a few charts as examples. For more trendline information, check out the following link:http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:trend_lines

Questions or suggestions for more lessons? Please let me know!




Need an Annotated Chart? Stop by my board -- http://investorshub.advfn.com/boards/board.aspx?board_id=8765
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist