Preparing to Conduct Your Technical Analysis
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Transcript of Preparing to Conduct Your Technical Analysis
Preparing to Conduct Preparing to Conduct your Technical Analysisyour Technical Analysis
Mr. ElsesserMr. ElsesserWall Street IWall Street I
Setting up BigCharts.comSetting up BigCharts.com Time Frame:Time Frame:
Time:Time: 1 year 1 year Frequency:Frequency: Daily Daily
Indicators:Indicators: Moving Average:Moving Average: EMA, 21 EMA, 21 Upper Indicators:Upper Indicators: Bollinger Bands Bollinger Bands Lower Indicator 1:Lower Indicator 1: Volume Volume
Chart Style:Chart Style: Price Display:Price Display: Candlestick Candlestick
Where to Find Stocks for ThisWhere to Find Stocks for This
1.1. Go to Go to www.Bigcharts.comwww.Bigcharts.com2.2. Click on “BigReports”Click on “BigReports”3.3. Search for stocks in following CategoriesSearch for stocks in following Categories
1.1. Stocks hitting new 52 week price hi’sStocks hitting new 52 week price hi’s2.2. Stocks with largest % gain in volumeStocks with largest % gain in volume
4.4. Look at stocks trading on NYSE and Look at stocks trading on NYSE and NASDAQNASDAQ
5.5. Go to the stock’s “Advanced Chart”Go to the stock’s “Advanced Chart”
TIPS for Trading w/ this AnalysisTIPS for Trading w/ this Analysis
Look for stocks only in an uptrend.Look for stocks only in an uptrend. Buy only at the bottom of the bands.Buy only at the bottom of the bands. Look for breakouts and buy as soon as Look for breakouts and buy as soon as
you see it stretch outside of the bands. you see it stretch outside of the bands. Have profit goals in mind: Have profit goals in mind:
Sell Profit and Sell LossSell Profit and Sell Loss BE PATIENT!BE PATIENT! RISK IS REWARD! RISK IS REWARD!
