Although many analysts describe support and resistance levels as either major or minor, those terms are subjective and provide little guidance to the trader as to how seriously such a level should be viewed. Here are some rules of thumb.
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Category : Charts Tags : stock analysis, stock chart patterns
Perhaps the most basic of all candlestick patterns are the long-shadow reversals, which tend to form at the end of short-term trending moves and signal the turn. These four candles all have small real bodies, one short or nonexistent wick, and one longer wick, which determines the candle’s proper description and interpretation.
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Category : Indicators Tags : candlesticks, stock chart patterns
Almost all technical traders understand the self-fulfilling prophecy inherent in this form of analysis. For example, if traders expect a support level to hold, as the stock’s price action falls toward that level they buy shares in anticipation of a reversal. The increased demand for shares raises the price, causing the very reversal expected.
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Category : Technical Tags : stock market trading, stock trading
Origin Energy (ORG) is a large-cap energy company, with operations in Australia, New Zealand, and the South Pacific region. The company has operations in the exploration and production of oil and natural gas; generating electricity; energy transportation and distribution; and the wholesaling and retailing of energy products.
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Category : Charts Tags : stock analysis, stock chart patterns
