We were lucky enough to catch this progression of HTGM over just a couple days! Watch this 3 chart series of HTGM breaking out of a symmetrical wedge and then moving to the next level of resistance identified by the TrendSpider platform. The beauty of this is that not one trendline was drawn manually!
When it comes to trading, there are two main approaches to understanding what the charts are telling you and assessing what the market is going to do next. The first, fundamental analysis, focuses on economic data to assess how a stock or instrument price may be affected, and the second, technical analysis, uses solely charts to look at potential future price action.
If you’re a trader with an email address, especially if you have signed up to any alert mailing lists, you have likely seen endless services advertising penny stock alerts. They all make claims of amazing profits and minimal risks, but is penny stock trading really the holy grail you have been looking for? Well, penny stocks are not a holy grail, but they can provide many great lessons on how to deal with greed and a consistent system of taking profits and minimizing losses. The first thing to learn before anything though is the fact that there are many penny stock alert scams around and you really need to be careful when looking for a way into this kind of trading. The question is, how can you tell if penny stock alerts are real or just another scam? We are going to show you how to avoid the scams and make the most of the penny stock opportunity.
In this TrendSpider Strategy Guide issue, we will be covering one of the core strategies that TrendSpider enables and one of the most popular ways to use the system: Using Automated Trendline Detection with Multi-Timeframe Analysis.