For the new comers, Technical Analysis is a discipline to educate yourself about the stock market, if you believe past trading activity and price changes or a security can be valuable indicators. It is NOT about storytelling or fantasy.
TA is about asking a few questions and in doing so learning to become a more educated investor who makes fewer mistakes (oops made a typo).
Here are questions I ask myself:
- where are historical signals and patterns on stock to indicate the way the market has been trading it in the past?
- does a stock historical trading agree with the type of risk I am prepared to take?
- what a the fundamental (accounting) about the security/company?
- what price/time do I buy a stock?
- what price/time do I sell a stock?
@Wedgeman7 pointed out not all stocks are equal! I don't disagree with him. I won't be trading any "insider trading" security because I don't belong to the inner circle of friends.
However, I believe security like BLG has been around for almost 20y and there is a lot to learn about the past. BLG develops technology I know reasonably well.
For the new comers, Technical Analysis is a discipline to...
Add BLG (ASX) to my watchlist
 (20min delay)
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Last
4.1¢ |
Change
0.001(2.50%) |
Mkt cap ! $74.91M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.1¢ | 3.9¢ | $17.29K | 433.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 112899 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 220575 | 5 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
4.0¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.9¢ | 4.0¢ | 3.9¢ | 214232 | ||
| Last updated 15.43pm 17/05/2024 ? | |||||
| BLG (ASX) Chart |