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
Mar 18, 19 09:23 AM
Analysis of what is going on in US stock market as well as highlights of some stocks that are forming significant patterns.
Mar 15, 19 01:07 PM
Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq Composite. If Apple does well, it will be go…
Mar 15, 19 12:59 PM
Technical analysis and trend analysis of Bahvest stock price. Borneo Aqua Harvest.
Mar 15, 19 08:40 AM
So a friend asked me if Dayang will continue to go up. I guess many are wondering the same question as well. So let's take a look at what the charts are saying.
Mar 15, 19 08:30 AM
Let us take a look at the technical outlook and charts of WTK Holdings.