Even though I am an active user of technical analysis, fundamentally you just can’t help but think there is no way some stock should make this move?
In this latest example, we are going to look at a chart of AIG. In just a few months the stock basically dropped from 400 to below 10. Then [...]
When it comes to reading chart and other technical analysis patterns, volume probably plays one of the biggest roles in how strong that pattern will hold. Very simply, the volume tells you how strong a certain stock movement is. Obviously, stronger (or more) volume indicates a more significant stock movement.
We can see this clearly in [...]