The only reason I use charts is for the 30 week moving average, nothing else. After you choose your stock, only buy in when the price rises above the 30 week moving average. Set a 10 percent stop loss. And if the stock price touches or moves below the 30 week moving average, sell. Go to tradingview.com.au (that's free) or any chart site and see for your self. Set up a weekly candle stick chart, put in the 30 weeek moving average, and what I'm saying will become clear. That's what I do, others may agree or disagree. I have certain simple rules I follow when choosing a stock as well. But that's another story.
Chart, page-403
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