Question:

Is there a way to predict the price pattern for a stock?

by  |  earlier

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let us say for example for the next half an hour from a specific time?

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5 ANSWERS


  1. basickly forex teknical and stoch are the same...i can give u some lesson...visit my  blog www.gbp-usd.blogspot.com


  2. I would suggest looking at the history of the stock, with no further information.    Then look at the outlook of the industry.

    Then Interpolate.

    Best Regards.

  3. There are indeed many people who do this, or at least try to do it.  Some people make lots of money doing it, and some people lose lost of money trying to do it.  There are A LOT of very smart people who try this.  As you can imagine, once people start figuring out how to recognize certain things and use them to make money, everyone starts jumping on the same boat, and soon the "predictor" can get wiped out.  So they have to find a new one that has developed, etc.  It's not a perpetual source of income.  Like all trends and patterns in stocks, short term predictors or indicators are only good for so long, until "the market" starts to figure out the inefficiencies allowing money to be made, and stamps them out.

  4. That's the whole idea behind technical analysis.  Many people make a lot of money doing that.

  5. Absolutely. Technical analysis, simplified to chart reading can be a very effective tool for predicting stock action.

    If you are looking at 30 minutes for a stock to make a move. I'd recommend a few things.

    1) Stick with stocks that are highly liquid, meaning they trade at least 2 million shares a day. If you are trading over a short time frame, you need to get in and out of the trade easily and quickly, and need liquidity to support that, otherwise there will be a lot of slippage in your bid and ask, and likely to wipe away any profits you might have made.

    2) Set your chart no the intraday to 5 minute bars. This is the best way to chart for moves over 30 minutes.

    3) Learn a couple of key chart patterns, breakouts or support/resistance, and start to implement them for your trading and see how it goes. Keep tight stop losses however, because if you wipe out your capital while you're learning, you won't have any $ to play with once you get the hang of it.

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