Chapter 3 - Learn Trading Using Technical Analysis
We continue to learn trading using technical analysis in Chapter 3 by studying price itself. Price is the most essential thing in charts and it tells us a story of what is happening to the stock. Price is king as they say and if you master interpreting price action, you will have an edge in the stock market.
- Support and resistance
- Major support and minor support
- Major resistance and minor resistance
- Subjective support and resistance
- Trendlines
- How volume affect stocks
- Supply and demand
- How unusual volume ignites a big move in stocks
- How unusual volume ends a move
- How gap up on unusual volume can make a stock triple in price
- How gap down on unusual volume can make a stock lose half its value
- How tight ranges in stocks with heavy volume shows accumulation
- How to find stocks with unusual volume
- The MACD (Moving Average Convergence Divergence)
- How to use the Bollinger Bands
- Stock Market Secret : Low volatility is followed by high volatility
- Chapter 3 Quiz
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