Chart Analysis Shows 5 Ways To Spot Flaws | Investor’s Business Daily
See details in article…
One of the most important parts of growth-stock investing is recognizing the handful of base patterns that demonstrate bullish form. But just because a chart fits the definition of a base it doesn’t necessarily mean your chart analysis is done.
- too deep, should not go below 30-33% correction, handle no more than 12%
- Wide and Loose action is bad, like it nice and tight
- Poor Volume: A good base should have more up weeks in high volume than down weeks. You want upside reversals on down days.
- Base Forms Below 10-Week Line, Or V-Shape
- I could not find #5, what did I miss??