Stocks generally go through two dominant phases: range expansion & range contraction.
Range contraction is also referred to as congestion or consolidation. It is a constricted price are where the stock will trade for a period of time. A good example of this is the symmetrical triangle.
Range expansion occurs when stock prices move dramatically in either direction (trends), after which it often finds a new price level to establish another range contraction.
Our latest Stock Pick provides you with a trading signal which demonstates this change.
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Range contraction is also referred to as congestion or consolidation. It is a constricted price are where the stock will trade for a period of time. A good example of this is the symmetrical triangle.
Range expansion occurs when stock prices move dramatically in either direction (trends), after which it often finds a new price level to establish another range contraction.
Our latest Stock Pick provides you with a trading signal which demonstates this change.
To view the stock pick and trading example please go to http://www.tradersedgeindia.com/indian_stock_picks/gujarat_alkalies.htm