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Monthly charts give us clues to a secular bull market or bear market in an index or a stock. You can also spot very important clues to the direction of the market using monthly charts. Sometimes, very important support areas can be easily discovered if only you learn how to use monthly charts.
There is tremendous value in looking at the monthly charts of an index or a stock. If you are a long term investor, you should definitely study the monthly charts. Large traders who manage a huge amount of money should also study monthly charts. When you are managing billions, you cannot trade in and out of stocks using daily charts. But you certainly can enter or exit positions based on monthly or even weekly charts.
Let us look at the charts below to see how valuable studying monthly charts can be.
Do you now see the power of analyzing monthly charts? They may not be of much value to short term traders but for long term investors and large investors, monthly charts can help them to catch major trends in different markets.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
Jan 23, 20 07:49 AM
There are 2 ways to make money trading the stock market. You either buy low and sell high or buy high and sell even higher.
Jan 23, 20 06:34 AM
In this page, you will find my analysis on the US stock market for the month of January 2020. I update it almost everyday.
Jan 23, 20 06:32 AM
Here are the analysis that I do on the KLCI for the month of January 2020. I update them almost everyday so do come back and press the refresh button.
Jan 22, 20 06:33 AM
One of the surefire ways to make a profit in the markets is to follow the trend. And one of the surefire ways to lose money fast is to ignore the trend.
Jan 16, 20 06:39 AM
If you ask any successful trader, they will tell you that they have a trading strategy and they follow it very well.