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Trend Lines Part II
In a typical downtrend we see that the stock has broken through its support and begins a trend characterized by lower lows and lower highs. Note that when the stock will break this trend by making a higher high and a higher low.
Trend lines help us to get a general overview of how healthy the stock is technically. These lines help buyers find dips and excellent buying opportunities. On the flip side, once a downtrend begins to emerge, shorting (selling first, then buying to cover position) may be the best strategy for short term traders.
Do not base your trades on…
23Jul2006 | S. Oakes | Comments Off | Continued
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