technical analysis (2)
TRANSCRIPT
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Technical analysis
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Support and resistance Horizontal lines that price bounce from
Price tends to bounce off a few cents before or after.
Very seldom bounce off the exact price
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Support Horizontal line that price tend to bounce up from.
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Resistance Opposite of support
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How to use Buy when price is close to support
Sell when price is close to resistacnce
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Indicators Give a signal whether price is overbought or oversold
Cannot be used alone
Use it as a supporting tool
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Moving average Most popular indicator
Calculated by taking the closing price of the previous X periods and dividing it by X.
Can also be calculated using the opening price or typical price etc.
Simple
Exponential
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Simple MA
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Exponential MA
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How to use Establish trend
Buy on pullbacks to MA in uptrend
Sell on rallies to MA in downtrend
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Establish trend
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Sell on rallies