Finance: Using monthly charts to analyze trends

Finance: Using monthly charts to analyze trends

PHUKET: Monthly charts are among the first buy signals I look for when selecting stocks because they show bigger time frames where long term trends can be seen. As we enter the summer months, a short term pull back could still happen and this would be a perfectly normal price action. Lately we haven’t yet seen any price action to suggest a pullback. For the longer term, we still have to lean toward the upside, assuming that the bullish trend of the previous months will continue. Looking over several monthly charts for a variety of stocks, we are starting to see more stocks breaking into new highs. Tech giant Apple (NAS D

Wednesday, May 31, 2017 | 06:00 PM

Comments (0) 1,180 Readers