The following stock chart of First Solar (FSLR) offers a great example of a descending channel. Descending channels are a basic form of technical analysis spotted commonly in up-trends and are considered bullish as they can make for a strong entry point when the stock breaks out to the upside.
The recent price action of Energy Conversion Devices (ENER) offers a great example of simple support and resistance. Support and Resistance is a basic form of technical analysis that can be used in a variety of different circumstances to provide investors an easy way to predict stock movement. We can refer to the six month […]
Stock chart education is very important for investors that want to perform technical analysis. By understanding price patterns traders have an edge at predicting where the stock is going next. 2013 UPDATE: Took 6 years, but you can now learn stock charts with my 156 interactive guide, The Interactive Guide to Technical Analysis. To make […]