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Thanks - lots of useful information. I appreciate you taking the...

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deskworker

456 Posts.

18/07/16

22:04

Post #: 18301904
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Originally posted by functi0n ↑

Try incredible charts if you're just starting out with technical analysis https://www.incrediblecharts.com/

It is free for end of day data. So at midnight you get that days data added into the chart. The first thing I would recommend you to research is "support" and "resistance" levels. This can help you time your entry and exit points. After a bit of time you will be able to spot these levels within seconds of scanning a chart.

A pullback is required for a stock to consolidate its previous moves. Most stocks won't travel up in a straight line so a pullback or consolidation is required before the next move and is normally a healthy signal. Sometimes the harder the rise the longer the fall. So a stock that trends upwards and has pullbacks or periods of consolidation before moving up again is a good sign.

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Thanks - lots of useful information. I appreciate you taking the time.

BKL Price at posting: $151.97 Sentiment: None Disclosure: Not Held
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