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Technical Analysis: Reading stock charts

Posted March 21, 2008

"When it comes to short-term trading, I base most of my decisions on technical analysis." — Rick Pendergraft

Blogger’s note: Rick Pendergraft gave his Early to Rise readers a crash course in technical analysis this week. And I thought you’d appreciate a chance to learn what this professional trader looks at when he’s considering a position. You can find the complete article here or read on to learn more.

by Rick Pendergraft

Baltimore – (TFN):  The value investor argues that fundamental analysis is better. The trader argues that technical analysis is better. Which way is a novice investor to turn?

In the long run, the fundamentals may be better. But when it comes to short-term trading, I base most of my decisions on technical analysis, and then use sentiment analysis as a secondary driver.

If you are not familiar with technical analysis, the chart below is a good learning tool. View the chart and learn more about technical analysis.

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Posted by TFN-Investment Strategies · Filed Under Investment Research 

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