The JSE and finance forum for South Africa
General Category => Shares => Topic started by: jaDEB on September 03, 2013, 06:06:58 pm
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When you use Candlestick Red/Green graphs, what is the best time zone to use. week, 1 year, 3 years or Max.
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For trading I use 2 minutes & 15 minutes simultaneously, for investing I use monthly but also looking at yearly.
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jaDEB. Draw a line through the bottoms from the past and you will see that you are on support.
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Like this.
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Cool thanks Orca, just drew the line and see what you mean. Support line, obviously if it breaks it on the down, you in for some more pain. Aaagggg, ffs, now I have to go and get the handy Andy and try and get the support line of my screen... :wall: :wall:
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NOOoooooooo don't use handy andy it leaves a smudge....!
Use acetone & a soft rag.
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Jokes aside. You can even extend the line to October.
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This Price channel also seems interesting...
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What is the best time span to use, for indicators. The courses I did years ago all ways indicated 21 days, but I see Orca likes to use 200 days.
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I only use the 200 sma if the share has broken through all other support lines. A break below the 200 on good volumes is a sell signal.
CML is the only share that I know of that respects the middle (20sma) BB and the lower BB.
Other stocks might respect the 30 or 50 sma. You just have to find the right one.
The charts you use don't work on the 2y and longer.
On your charts to get the sma that you want, choose "sma" and the 13 day ma will show. To change it, tap on the sma in the block then tap on the number 13 that comes up. Delete it with back space and type in 50 or 200. Now tap on "update". Done.
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Thanks Orca,
Please go look at
http://www.moneyweb.co.za/moneyweb-investment-insights/are-these-shares-the-future-titans.
Your Metair is there. ( I think you have Metair...might be wrong, it is the pills !!)
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Thanks jaDEB. Yes I do have Metair in my real portfolio. The reasons given are the very reasons I bought it.
Those others are interesting too.