May 8, 2018
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In the case of technical analysis. Let study the chart step by step, see our last posting using Alibaba as example.
US Stock Analysis – Stock Stories
BABA Alibaba Group Holding Charting
In our last posting, if you can not figure out what to trade. It is normal. Even after add the indicator of MACD or Moving Average you still not sure. May be you should step back, in other words, zoom out.
See chart below, we see the stock price move from low to high, bullish trend. Thereafter, the price action start to move sideways. See chart. You probably can draw a support line. With that you can form a buy support sell resistance strategy.
Picture worth a thousand words, see chart for more.
Moses Stock Analysis
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