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Why Investors Should Use Monthly Charts To Do Analysis
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
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