Pond Life
- 02 Jul 2005 21:31
Welcome to my charting thread where I will store all the charts I need for stocks on my watch list. Feel free to post your comments on any stocks featured, or add your own.
stockdog
- 07 Mar 2006 21:38
- 43 of 98
Brilliant, perspicacious. Thank God for Vodafone or we'd have to admit you can walk on oil!
Good luck.
sd
Kivver
- 02 Apr 2006 10:24
- 47 of 98
Pondy, good idea, im a bit thick when it comes to charts, what are the two boxes just below the main chart, im presuming its volume but i not sure about the middle box. cheers
Pond Life
- 10 Apr 2006 21:24
- 48 of 98
Kivver,
Apologies for the slow response.
When I show the two boxes, one is the MACD indicator and the other is RSI (Relative Strength Indicator).
When MACD is rising and the blue line goes up through the red then this is a buy signal - and vice versa.
With RSI, when the indicator drops below the lower red line a stock is oversold and due a run - conversley, when it is over the higher red line it is overbought and could be due a correction down. I read these in conjunction with the price charts to try to find buying opportunities.