Afternoon all, well today I learned that a bar chart and a candlestick chart show basicly the same but the candlestick has a body (white, black, green, red) and shows where the close was in relation to the open.
I think that is sticking.
That SUPPORT is when there is enough interest to keep the price at that level or falling lower.
and RESISTANCE is when there isn't enough interest to keep the price at a higher pps or moving higher
I hardly slept last night, so much running through my mind. I don't know if I read it or someone said it but Investing in a stock is when you plan on keeping it for a longer time frame such as GE, F, where as Trading is for more shorter time frames such as sub-pennies or penny stocks. I take it that long term would be a year or longer and short term would be weeks, or maybe 6 months.
My question is are investing stocks considered to be those listed on the big exchanges, NYSE, NASQ, AMEX and those on the pink, OTC for short time frames?
What exactly is the difference between pinks, OTC, OTCBB, OTCQB
are they sort of like a low pps stock gradually upgrading, til it get financially strong and steady enough to go to the big exchanges?
How do you determine whether a trading stock isn't going to become a investing stock in the future and to accumulate now while it is cheap?
But I guess if you had a penny stock you felt that was possible you could sell a portion to get your investment plus small profit and say the rest which would then be considered "free shares" should it turn out to be a "microsoft, or walmart" in the making.
I hope to get a clearer understand of trends and support & resistance.
The trends I looked at today where Accumulation or high vol. when the big money investors are interested and buying, then theres when the public the average investor starts investing and then the excess trend or phase when all the so called recommendation or alerts from different advisory services start there pumping it. That your signal to start planning your exit and take profits. I think I said that correctly.
You know the average joe is really at a disadvantage imo. But learning to understand trends and some type of chart atleast gives us a fighting chance. I'm gonna try and hold off on investing any more money anywhere until I better understand how this works. I think I have several stocks I will watch for a opportune time to make a profit and get out and hold that money until I have a better feel and chose a stock then. Well enough rambling for one day.
I just looked at a chart and it had hollow(white) candlestick, black candlestick and also red on it why would there be black and red don't red & black represent the same thing. that close was lower then open?
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