| First thing I do when I look at ANY chart is look | | | | real previous pattern and all of a sudden 120% up |
| at the moving average lines #1 Look to see if the | | | | one day) I prefer to get in stocks that look like |
| stock is on top of the 20 and 50 MA lines and if | | | | they have something to their runs not just a |
| so, next where is the 100 and 200 MA lines?? On | | | | SPIKE volume pop one day wonder (those are |
| top acting as RESISTANCE or on the bottom | | | | good to play but you have to know how to get in |
| acting as SUPPORT. | | | | and out safely) |
| Now I know where support is and resistance is, if | | | | So if it is a bottom or downtrend play, where is |
| any or all of the MA lines are BELOW my price, | | | | bottom?? Where is the year low? 2 year low? |
| they act as support IF any or all are on TOP of | | | | Double bottom price, triple or quad bottom price? |
| the price they act as upcoming resistance. | | | | Look for all of these. Double bottom plays (triple |
| Next I look at the previous runs highs...those highs | | | | and quad too) are nice entry spots and it is |
| will act as ADDITIONAL resistance added on to | | | | basically looking at the chart and seeing that oh |
| the MA lines if any that are on top of the current | | | | yea, the stock recently hit a LOW of .0019 then |
| price and I usually find at least 2 or 3 prices that | | | | ran to .0027 fell and is now hitting .0019 again |
| are currently higher then the current price of the | | | | (indicators are also low) ok hope on..this is a |
| stock, EVEN IF THAT MEANS GOING BACK 2 | | | | double bottom play. |
| years!!! Some people really hold on to a stock and | | | | I look for stocks that are low RSI either 30 or |
| you have to know if they go back that far, they | | | | looking to bounce off 50, williams %r is going near |
| want to SELL at a even price and say PHEWWW | | | | -80 or even red at -90 (even better sometimes) |
| lucky me!! So that will act as resistance! | | | | a MACD line that is looking to cross over the EMA |
| Now you have to look at the other side of the | | | | or the 0 line (all explained in that section) Full |
| coin. If the stock does fall, where is SUPPORT. | | | | stochs are low and rounding near the 20 line or |
| Look for the nearest MA line below the price, | | | | just below and then icing on the cake...cci |
| because that is "typically" where the stock will fall | | | | bottomed or slowly turning up AND STILL below |
| to. Soooo "what if I buy in now" Where can the | | | | the 0 line and DMI+ looking to cross DMI - line. |
| stock go before resistance and where could it fall | | | | Then I make my "educated" decision, knowing |
| for support? I ask myself that each time. Now, | | | | AHEAD of time where support and resistance lay! |
| you want to buy the stock as close to support | | | | Is it easy? Heck no, is it 100% accurate, NOPE |
| as possible **OR** right AFTER break out / | | | | but it helps. Lastly, make sure the stock has |
| resistance for a quick ride | | | | some OK volume, if the stock is trading at .008 |
| Then, take a look at the chart again, is the stock | | | | and only averages 200k volume, that means only |
| in a uptrend or downtrend. If its a uptrend good, | | | | like 1 buyer and remember you cant buy and or |
| how long has it been riding? Is it a play like TNOG | | | | sell unless you have a opposite action to buy or |
| where it is a slow and steady consistent rider OR | | | | sell into. |
| is it look like a POP / PUMP stock, (meaning no | | | | |