Originally posted by jaluma
What are the key signals and timeframes you look at on the charts
@Capital Raising?
There are various you can look at on different timeframes as indicators of past and future price action.
Which ones are the key ones you like to use?
For me, the weekly and monthly charts both suggest this has further to run, not sure how much, but if it does crack $2, I can see it consolidating above that level in the lead up to Feb results.
Still a 96% buy on Barcharts -
https://www.barchart.com/stocks/quotes/NEA.AX
Key time frames I use from highs to lows, lows to highs
45 days not so important but watch
49 days Gann Death Zone can create extreme trend changes. The last low at $1.22 was 49 days from the high of $1.94
90 days This monday the 28/01/2019 will be 90 days from the low at $1.22. Will be watching this very very very closely if the trend doesn't start to turn I will get back in.
180 days very important
360 days very important
These time frames can be used in days, weeks or months even years. The longer the time frame the bigger the potential reaction.
For tracking price I tend to use very simple patterns. Trend lines, head and shoulders, double tops bottoms.
But honestly I use my gut feel for sentiment being overly negative or positive more than anything
