chapter 12
Technical analysis and the importance of charts
‘Technical analysis forces you to cut losses and run profits’
‘The truth is more important than the facts’
Frank Lloyd Wright
When I look at a stock almost the first thing I will want to review is the stock chart (normally a three or five-year chart) because I like to put today’s price in the context of the stock’s recent price history. I will look at a stock differently if I know it has performed really well over recent years compared with one that has been falling for a long time or one that has moved sideways. When I hear an interesting new story on a company that I haven’t looked at for a while, one of the first things I will want to know is if am I early in hearing this or ...
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