hey Kaiseriqbal. Im actually still relatively new to charting compared to most people. I attemtped to read some books I downloaded off the net, but They were just too long. So pretty much I just learnt from practicing charts, and learning off people on HC (especially rob).
I recommend you get Incredible charts, good free program, that until today ive used.
I would recommend you do some googling on charting, learn some of the general basics, and then you can try and recreate some posts made here.
I do have heaps of electronic copys of books though if u need them.
Anyone can add me to msn if they wanna talk about charts : [email protected]
Heres MAK for a start. I bought this for 56, and for some reason, i sold out last week! I think it was the stochastics looking bad >.< Proves you shouldn't totally trust indicators, and let your stops do the work!
MAK DAILY:
had a huge rally, broke through horizontal resistance, completing a breakout of the ascending triangle. Which offerd a target of 87.5 (see chart for calculations). It did get to 83 , which is probably close enough. The stochastics are looking indecisive, though if the stochastics turn up it could rally to 87.5 . Currently I would not buy, but if your holding, set your stops and watch out if the stochastics turn down. There could be a return to the ascending triangle at 62, where it would likely be a good buy???
