trade shares

Short Term Trade – LEI

Monday, March 2nd, 2009

At the beginning of October Last year, and large Head and Shoulder Pattern (H&S) was Identified and confirmed on the weekly chart of LEI. This set the stock up for a longer term view of bearish, with a likely target of $12.00.
This week, LEI has hit the top of a downtrend channel and weekly resistance [...]

Succesful Trading Using Chart Signals

Friday, February 27th, 2009

Waiting for confirmation of a chart’s signals is crucial to successful trading. Though a chart may show high probability signs of breaking one way, it is still possible for it to break in the opposite direction.
WOW is a good example of the above happening. Technically, the charts have been bearish on WOW for some time, [...]

Renting Shares For Income in the Stock Market

Friday, February 13th, 2009

Renting Shares – First of all, let’s cover what we mean by this phrase. We use the term ‘Renting’ our stocks, because everyone understands this in terms of property. We buy a house or apartment, we become a landlord, and we rent it out to someone else. We receive money (rent) over a designated period.
Well, [...]

Read Resistance Lines

Saturday, January 31st, 2009

This week on the XAO there was a rise of 172 points over all. Is this move to the upside likely to continue? Let’s take a look at what the stock chart chart is showing us.
Tuesday was a bounce off a support after downward momentum failed to continue on from Friday. As the week progressed [...]