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Tuesday, 11/05/2013 3:21:59 PM

Tuesday, November 05, 2013 3:21:59 PM

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Trading with Charts


The foundation of technical analysis is the chart. In this case, a picture truly is worth a thousand words.

Line charts

A line chart is the simplest type of chart. As shown in the chart of General Motors in Figure 2, the single line represents the security’s closing price on each day. Dates are displayed along the bottom of the chart and prices are displayed on the side(s).

http://www.livetradingnews.com/trading-charts-15610.htm#.UnlTMuIZ-Rw

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