weekend charting 29/30 january, page-107

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    CEB2, I also use Commsec, it'd be handy if they gave us a better charting package to go wouldn't it.

    Doesn't matter if you use it though, if you can make sense out of it then that's all that matters.

    My advice would be to use the 'slow stochastics' rather than the 'fast stochastics' as that will give you less signals, but they will be more reliable. See how next to the Fast Stochastics label there is a 5,3,3. Well that 5 stands for the amount of periods in the indicator. You want more periods than that if you are looking further ahead than the next few days. To change this figure, hover over these numbers and a box should pop up where you can change the period number.

    Nevertheless, yes, on that fast stochastic setting that you have, the stock is overold and might see a bit of a bounce off that trendline that you've drawn.

    You also have a 200SMA on your chart which is a handy indicator to have on everyone's charts. It looks like the stock bounced off it on Friday which is a good sign of bullishness and upwards stability in the stock.

    Good job!
 
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