Chart Patterns and TA

[gfp927z]

The SURG gap looks more or less 'filled' I would say, close enough anyway. The chart looks like it's going to spurt up to 6 in the near/mid term, but after that is less certain. The 6 area was the center of trading last year from June-Nov, so represents a key resistance level, part of a broader resistance band from 4-8.


>> Orion board >>

I used to check there for ideas back 'in the day', and it's a good site. Unfortunately back then I hadn't learned any TA yet, so not a good outcome. Then I subscribed to Stockcharts.com to learn the basics. I ultimately decided against active trading in general, but the charts are still extremely useful.

While I don't actively trade much, I did decide upon several basic ground rules, for example - Don't trade a stock you don't know reasonably well, and - Don't trade a stock you wouldn't be willing to hold longer term (since you might get stuck with it if the trade goes against you).



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