I'm a new member of this forum and I would like to thank all the members who earlier answered my query regarding TA books.. As always I have another question regarding intermediate support or resistance levels.
I have been watching the weekly charts of some of the stocks..
and certain parameters tend to devlop for which I wud like all the senior member to guide me.
1. when the weekly bar makes higher high n higher low as well as higher close than the previous one.
2.When the weekly bar makes higher high , lower low but higher close than the previous week.
3. when the bar makes lower high, lower low n higher closing.. than the previous week
4. When the bar makes lower high, lower low n lower closing than the previous week.
5. when the bar makes lower high , higher low n higher closing than the previous week..
I wud like to know wht kinda ramifications all these permutation n combinations can have making buying n selling decisions
and whether more importance shall b given to only to closing price or taking the whole price situation(O,H,C,L) in account.
I would like the member to help me out in this regard ..
Regards.
Sanefellow_213
I have been watching the weekly charts of some of the stocks..
and certain parameters tend to devlop for which I wud like all the senior member to guide me.
1. when the weekly bar makes higher high n higher low as well as higher close than the previous one.
2.When the weekly bar makes higher high , lower low but higher close than the previous week.
3. when the bar makes lower high, lower low n higher closing.. than the previous week
4. When the bar makes lower high, lower low n lower closing than the previous week.
5. when the bar makes lower high , higher low n higher closing than the previous week..
I wud like to know wht kinda ramifications all these permutation n combinations can have making buying n selling decisions
and whether more importance shall b given to only to closing price or taking the whole price situation(O,H,C,L) in account.
I would like the member to help me out in this regard ..
Regards.
Sanefellow_213