jnj.enclosed a med term chart with trendlines and targets
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
updata technical analyst.i use eod.costs $60 a month.includes data feed.
another trader posted about relative strength.before i went on vacation.
one thing about relative strength.it must have a look back period.ie rel strength from 03 jan 2008,etc
another thing about relative strength.some stocks ie utilities,oil producers etc, follow the oil price and the relative strength should be calculated against the oil price.use an etf for this
not all the stocks should have relative strength based against an index,that the oil price must be included in the chart.i nearly got caught out on this recently.
i was looking to go long on drax power,watching it to go long after the early morning shakeout.the stock gapped down 8% after a brokers note saying the stock was only strong because of the oil price...beware
one thing about relative strength.it must have a look back period.ie rel strength from 03 jan 2008,etc
another thing about relative strength.some stocks ie utilities,oil producers etc, follow the oil price and the relative strength should be calculated against the oil price.use an etf for this
not all the stocks should have relative strength based against an index,that the oil price must be included in the chart.i nearly got caught out on this recently.
i was looking to go long on drax power,watching it to go long after the early morning shakeout.the stock gapped down 8% after a brokers note saying the stock was only strong because of the oil price...beware