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Daily Candlestick Chart for FTCH
[img]stockcharts.com/c-sc/sc?s=FTCH
$IGXT BarChart Trader's Cheat Sheet
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EquiVolume Chart Calculation
An EquiVolume box consists of three components: price high, price low and volume. The price high forms the upper boundary, the price low forms the lower boundary and volume dictates the width. EquiVolume boxes are black when the close is above the prior close and red when the close is below the prior close.
Volume is normalized to show width relative to the look-back period. For a four month daily chart, each day's volume would be divided by total volume for the look-back period (four months). As such, the width of each box represents the day's percentage of total volume for the look-back period. Big volume days take up more space on the X axis (date). Chart 2 shows normal high-low-close bars with volume for Kraft Foods (KFT). It is a pretty normal looking chart with a normal X axis. Chart 3 shows this same four month period using EquiVolume boxes. The wide boxes show relatively high volume days, while the thin boxes show relatively low volume days. Also notice that many wide boxes can expand the entire month on the X axis. January is much wider on the EquiVolume chart than with normal high-low-close bar chart.
Daily Candlestick Chart for ABCP
[img]stockcharts.com/c-sc/sc?s=ABCP
$DISK BarChart Trader's Cheat Sheet
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Interpretation of Heikin-Ashi
Heikin-Ashi Candlesticks are similar, but different than normal candlesticks. A Heikin-Ashi Candlestick is hollow (white) when the HA-Close is above the HA-Open. Conversely, a candlestick is filled (black) when the HA-Close is below the HA-Open. This is similar to normal candlesticks, which are filled (black) when the close is below the open and hollow (white) when the close is above the open.
While traditional candlestick patterns do not exist with Heikin-Ashi Candlesticks, chartists can derive valuable information from these charts. A long hollow Heikin-Ashi candlestick shows strong buying pressure over a two day period. Absence of a lower shadow also reflects strength. A long filled Heikin-Ashi candlestick shows strong selling pressure over a two day period. Absence of an upper shadow also reflects selling pressure. Small Heikin-Ashi candlesticks or those with long upper and lower shadows show indecision over the last two days. This often occurs when the two normal candlesticks are of opposite color.
The chart above shows QQQ with Heikin-Ashi Candlesticks over a four month period. The blue arrows show indecisive Heikin-Ashi Candlesticks that formed with two normal candlesticks of opposite color. Indecision can sometimes foreshadow a trend reversal. The red arrows show a strong decline marked by a series of Heikin-Ashi Candlesticks without upper shadows. This means the Heikin-Ashi Open marked the high and the remaining data points were lower. The green arrow shows a strong advance marked by a series of Heikin-Ashi Candlesticks without lower shadows. This means the Heikin-Ashi Open marked the low and the remaining data points were higher.
Daily Candlestick Chart for SHMX
[img]stockcharts.com/c-sc/sc?s=SHMX
$EFIR BarChart Trader's Cheat Sheet
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Definition of Fair Value As A Weaknesses of Fundamental Analysis
When market valuations extend beyond historical norms, there is pressure to adjust growth and multiplier assumptions to compensate. If Wall Street values a stock at 50 times earnings and the current assumption is 30 times, the analyst would be pressured to revise this assumption higher. There is an old Wall Street adage: the value of any asset (stock) is only what someone is willing to pay for it (current price). Just as stock prices fluctuate, so too do growth and multiplier assumptions. Are we to believe Wall Street and the stock price or the analyst and market assumptions?
It used to be that free cash flow or earnings were used with a multiplier to arrive at a fair value. In 1999, the S
Daily Candlestick Chart for PLSB
[img]stockcharts.com/c-sc/sc?s=PLSB
$SGCP BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for IMSC
[img]stockcharts.com/c-sc/sc?s=IMSC
Long-term Trends as a Strength of Fundamental Analysis
Fundamental analysis is good for long-term investments based on very long-term trends. The ability to identify and predict long-term economic, demographic, technological or consumer trends can benefit patient investors who pick the right industry groups or companies.
$IMSC BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for BPWRF
[img]stockcharts.com/c-sc/sc?s=BPWRF
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.
Gaps appear more frequently on daily charts, where every day is an opportunity to create an opening gap. Gaps on weekly or monthly charts are fairly rare: the gap would have to occur between Friday's close and Monday's open for weekly charts and between the last day of the month's close and the first day of the next month's for the monthly charts. Gaps can be subdivided into four basic categories: Common, Breakaway, Runaway, and Exhaustion.
$HYSYF BarChart Trader's Cheat Sheet
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How to Pick a Time Frame
The time frame used for forming a chart depends on the compression of the data: intraday, daily, weekly, monthly, quarterly or annual data. The less compressed the data is, the more detail is displayed.
Daily data is made up of intraday data that has been compressed to show each day as a single data point, or period. Weekly data is made up of daily data that has been compressed to show each week as a single data point. The difference in detail can be seen with the daily and weekly chart comparison above. 100 data points (or periods) on the daily chart is equal to the last 5 months of the weekly chart, which is shown by the data marked in the rectangle. The more the data is compressed, the longer the time frame possible for displaying the data. If the chart can display 100 data points, a weekly chart will hold 100 weeks (almost 2 years). A daily chart that displays 100 days would represent about 5 months. There are about 20 trading days in a month and about 252 trading days in a year. The choice of data compression and time frame depends on the data available and your trading or investing style.
• Traders usually concentrate on charts made up of daily and intraday data to forecast short-term price movements. The shorter the time frame and the less compressed the data is, the more detail that is available. While long on detail, short-term charts can be volatile and contain a lot of noise. Large sudden price movements, wide high-low ranges and price gaps can affect volatility, which can distort the overall picture.
• Investors usually focus on weekly and monthly charts to spot long-term trends and forecast long-term price movements. Because long-term charts (typically 1-4 years) cover a longer time frame with compressed data, price movements do not appear as extreme and there is often less noise.
• Others might use a combination of long-term and short-term charts. Long-term charts are good for analyzing the large picture to get a broad perspective of the historical price action. Once the general picture is analyzed, a daily chart can be used to zoom in on the last few months.
$AMEH BarChart Trader's Cheat Sheet
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What is More Important than Why
In his book, The Psychology of Technical Analysis, Tony Plummer paraphrases Oscar Wilde by stating:
A technical analyst knows the price of everything, but the value of nothing
Daily Candlestick Chart for PSID
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$CMRZF BarChart Trader's Cheat Sheet
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Chart Patterns ~ Two Dominant Groups
Two basic tenets of technical analysis are that prices trend and that history repeats itself. An uptrend indicates that the forces of demand (bulls) are in control and a downtrend that the forces of supply (bears) are in control. However, prices do not trend forever and as the balance of power shifts, a chart pattern begins to emerge. Certain patterns, such as a parallel channel, denote a strong trend. However, the vast majority of chart patterns fall into two main groups: reversal and continuation. Reversal patterns indicate a change of trend and can be broken down into top and bottom formations. Continuation patterns indicate a pause in trend and indicate that the previous direction will resume after a period of time.
Just because a pattern forms after a significant advance or decline does not mean it is a reversal pattern. Many patterns, such as a rectangle, can be classified as either reversal or continuation. Much depends on the previous price action, volume and other indicators as the pattern evolves. This is where the science of technical analysis becomes the art of technical analysis.
Daily Candlestick Chart for MNGGF
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$FEEC BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for ALTX
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$HUIY BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for KIRI
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$NZERF BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for ATCN
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$AMNF BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for FEGR
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$WMIH BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for RBCC
[img]stockcharts.com/c-sc/sc?s=RBCC
Intermarket Analysis is a valuable tool for long-term or medium-term analysis. While these intermarket relationships generally work over longer periods of time, they are subject to draw-downs or periods when the relationships do not work. Big events such as the Euro crisis or the US Financial crisis can throw certain relationships out of whack for a few months. Furthermore, the tools shown in this article should be used in conjunction with other technical analysis techniques. The XLY/XLP ratio chart and the Industrial Metals/Bond Ratio chart could be part of a basket of broad market indicators designed to assess the overall strength or weakness of the stock market. One indicator or one relationship should not be used on its own to make a sweeping assessment of market conditions.
Daily Candlestick Chart for NHVCF
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$NNSR BarChart Trader's Cheat Sheet
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Heikin-Ashi Candlesticks provide chartists with a versatile tool that can filter noise, foreshadow reversals and identify classic chart patterns. In fact, all aspects of classical technical analysis can be applied to these charts. Chartists can use Heikin-Ashi Candlesticks to identify support and resistance, draw trendlines or measure retracements. Volume indicators and momentum oscillators also work well. [url]stockcharts.com/h-sc/ui?s=SPY
$MZRTF BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for GOVX
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Daily Candlestick Chart for ORRV
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$CLHRF BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for SDRG
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$ORGN BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for SPOM
[img]stockcharts.com/c-sc/sc?s=SPOM
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![]() ![]() ![]() 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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