Disclaimer - I am also a learner! and I am publishing this to share what I learnt with other learners and to get some comments from veterans of this field
This is a simple positive trend prediction.
I have started by just highlighting an assumed resistance and support by joining the highs and lows respectively. Then you can get a clearly idea that the current trend is a positive one. In addition to this trend recognition, the resistance of the stock once also became the support for the stock after a while, entailing that there is a positive trend. I hope my discovery was simple and valid for you guys and I am open to comments : )
Thank you!
This is a simple positive trend prediction.
I have started by just highlighting an assumed resistance and support by joining the highs and lows respectively. Then you can get a clearly idea that the current trend is a positive one. In addition to this trend recognition, the resistance of the stock once also became the support for the stock after a while, entailing that there is a positive trend. I hope my discovery was simple and valid for you guys and I am open to comments : )
Thank you!