O'Reilly logo

The Complete Idiot's Guide to Active Trading by Ken Little

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 15
Using Technical Analysis
In This Chapter
• Technical analysis and trends
• Counting on price trends
• Support and resistance
• Using moving averages
What will be the share price of IBM stock on the first trading day in July two years from the day you read this? The answer is: No one has a clue. However, if you ask a short-term active trader at 10 A.M. on any trading day what IBM’s stock is going to do in the next 30 minutes, the trader would have a good shot at the correct answer. Lucky guess? No, the trader would have been looking at his charts and plotting IBM since trading opened. He would know whether the stock was trading in a narrow range or trending up or down. If the stock followed its trend, the trader would have a good idea ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required