facebookCan anyone lead me to some ways how I can learn about Technical Analysis with regards to buying my stock price? I don't seem to buy in at the amount I want (when it runs overnight)? - Seedly

Anonymous

11 Oct 2020

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Can anyone lead me to some ways how I can learn about Technical Analysis with regards to buying my stock price? I don't seem to buy in at the amount I want (when it runs overnight)?

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Some, including me, believe astrology being more honest and at least as successful as technical analysis:

read the section 'Empirical evidence' here:

https://en.m.wikipedia.org/wiki/Technical_analy...

Hi there! Great question!

Technical analysis is a huge topic. I would give you a few things to read up on.

  1. Understand a candlestick
  • this does not mean candle stick pattern

  • you only need to know what the body, colour and wick mean

  • these are crutial as they give a lot of information of the pschology of the market

  1. Learn to identify the trend

An uptrend is:

  • Higher highs, higher Low

  • Supports respected, resistance levels broken

  • Moving averages start sloping up

  • More Significant when 50 day smooth moving average crosses 150 SMA

Identify and draw support/resistance lines

Learn to use Fibonnauci retracements

Use Moving averages

It is very difficult to share without illustrations and charts. PM me on Facebook if you want more help.

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