In short: Trendlines are used in TA to quickly point out the general direction of a stockprice by connecting the highs and the lows. Unlike horizontal support and resistance, trendlines are diagonal or slanted areas of value. Trendlines do behave like support and resistance in that price action can be confined…

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Bar Charts

In short: A Bar chart consist of symbols (Bars) where the opening and closing price is given as a line to the left and right of the bar. The color green or red shows the movement up or down. What is a bar chart? Bar charts are one of the…

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Support And Resistance Lines

In short: Support and resistance trendlines are horizontally drawn lines to indicate where the price might end or gain strength. In stock market technical analysis, support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse. These levels are denoted by…

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In short: A Candelstick is a chart symbol of a specific period where the opening and closing price is given as the body and the price difference during that period is given as a line above and below the body. What is a Japanese Candlestick? Japanese Candlesticks are a technical…

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Chart Patterns – The Basics

In short: A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past. A lot of TA traders believe in returning chart patterns. Chart patterns are the basis of technical analysis and require…

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Why do we focus on TA

We focus on Technical analysis only. Want to know why?

There are 3 primary things that influence a stock price:

The sector accounts for 50% of the move. 
The market, 30%. 
So company fundamentals is only responsible for 20%. I will explain more in this blogpost…

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