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Wednesday, April 22, 2009 12:58:49 AM
I tried to simplify ..in the end charting can be viewed from many perpectives and different opinions..this set-up works best for my style..not daytrading but more swing to longer term..this stock has lower volume so harder to buy and sell so more suited towards longer trends imo...hope this helps :>)
(I'll try to do the weekly tomorrow)
![](http://i32.photobucket.com/albums/d33/subtlerise/unr2year.png?t=1240375913)
Bollinger Bands: An indicator that allows users to compare volatility and relative price levels over a period of time. It consists of three bands designed to encompass the majority of a security's price action. Prices will often meet resistance at the upper band and support at the lower band. See ChartSchool article on Bollinger Bands.
Moving Average (MA): An average of data for a certain number of time periods. It "moves" because for each calculation, we use the latest x number of time periods' data. By definition, a moving average lags the market
Accumulation Distribution Line: A momentum indicator that relates price changes with volume. It relates the closing price to the range of prices (H - L). The closer the close is to the high, the more volume is added to the cumulative total. See ChartSchool article on Accumulation Distribution Line.
Candlestick Chart: A form of Japanese charting that has become popular in the West. A narrow line (shadow) shows the day's price range. A wider body marks the area between the open and the close. If the close is above the open, the body is white (not filled); if the close is below the open, the body is black (filled). See ChartSchool article on Introduction to Candlesticks.
"Watch for big problems for they disguise big opportunities" H. Jackson Brown
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