stocks and trading basics
power of trendlines
JUST LOOK AT THE TWO SLANTING LINES
SEE BUYING POINT AND SEE SELLING POINT
BOTTOM LINE IS SUPPORT=BUY LEVEL
TOP LINE IS RESISTANCE=SELL LEVEL
THE SLOPE OF THE LINES INDICATES STRENGTH OF TREND.
IF PRICE BREAKS UPWARDS THROUGH THE UPPER SLANTLINE,IT MEANS SOMETHING.GUESS WHAT?
IF PRICE CROSSES DOWNWARDS THROUGH THE BOTTOM SLANT LINE,SELLING TIME IS NEAR.
No comments:
Post a Comment