Stock: Never open order against the trend unless you have a solid - TopicsExpress



          

Stock: Never open order against the trend unless you have a solid reason to do so. Trendlines: Recognise the trend direction and the best method here is to build the trendlines. Moving Averages (MA): The indicator alone is a great trend recognisation tool, resistance or support level in stock. What is more a huge number of advance indicator are based on the moving averages. Oscillators (RSI / Stochastic): Imagine an indicator that shows you when the trend becomes week or stronger? The Oscillators do exactly this. These are indicators that are displayed beneath the chart and look much like a line chart but they do not illustrate the price. The Oscillators provides about trend changes and trend strength. Use to see trend changes and strength with only Full Stochastic Oscillator (default 14 3 3). Where 14 is Look Back Period, 3 is %K smoothing & 3 is %D Moving Average. ==============
Posted on: Sun, 07 Jul 2013 10:42:43 +0000

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