Well, there are so many way to read chart:Here is some tips base...

Well, there are so many way to read chart:

Here is some tips base on my experience:
1, check out monthly chart (Slow Stochastic + MACD + any momentum indicator), uptrend usually last many month (depend on momentum), so just buy and hold it untill trend fail. trend may fail at any time so better keep an eye for weekly chart for fail signal.

2, weekly chart is similar to monthly chart, good for medium term investment because each wave usually last several weeks. Just try avoid any down wave (stochastic fall below 70 line), because it is signal of month's trend fail.

3, and daily chart, it is good for short term buy/sell. (each stochastic wave usually last 2-5 days), if MACD drop below 0, then monthly trend is danger.

4, plus hourly chart or minutes chart when daily chart reach turning point.


I already post monthly, weekly chart on other thread, and daily chart above, will post another minutes chart, so you can compare them.

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and base on daily chart above, Slow Stochastic's "down wave" almost finish, "up wave" may forming soon (if ASX is green for next 1-2 days).

then look at minutes chart, it have buy signal around 2pm+ (MACD almost cross 0 line, with clear uptrend momentum),

this signal is weak, because MACD havn't cross 0 line yet, and momentum still weak (below 0).

remember, stock won't trade for 24/7, so you will never know what will happen in next day, that is why TA is not right 100% of time.