They say a picture is worth 1,000 words...
Less is more. Let the chart speak for itself.
If a picture is worth 1,000 words, then a chart is worth a million. So I plan to just add comments to my charts and keep the text in my newsletters light.
Everyone is pressed for time, and you only want to see what matters. Follow my charts, and I will show you the way to technical analysis.
Let’s start with a good example to dissect. Here is a bullish set-up on AMAT 0.00%↑ ahead of earnings today.
Based on the technicals AND fundamentals, it looks like this stock is going to rocket higher on good news.
Especially with the positive money flow… and the fact that other sister companies have done well this earnings season. But remember, anything can happen, so…
Manage your risk accordingly, and cut losses quickly.