Technical indicators are important in investing. These indicators are used in candlestick analysis to spot buy or sell points. 1. Moving Averages (MA) and MACD (Miving Average Convergence Divergence). MA and MACD indicate price trends and its potential reversals. When the MACD line crosses above signal line, it’s a buy signal, and vice versa. 2. Bolinger Bands. When the stock price touches or breaks the upper band, it signal overbought (potential sell), and vice versa. 3. Volumn Indicators (On-Balance Volume). Volume indicators measure the strength of a price trend based on its trading volume. Rising OBV indicates increasing buying pressure (potential buy), while falling OBV indicates selling pressure (potential sell). 4. Relative Strength Index, 5. Fibonacci Retracememt, 6.Average True Range can be used to set up stop losses and take profits, identify potential breakouts and trend changes. All the above indicators are used when making trading decisions.
@TigerStars @Tiger_comments Technical Hunter
Technical analysis: Classic chart patterns for stock picking.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments