Technical Analysis
Why Trendlines Make Healthy Trading
By healthytrading  •  March 11, 2012
Trendlines are the simplest of all technical analysis but yet the most often ignored by novice traders. Truth to be told, whenever I am analysing a stock, my attention is first fixated onto the MACD and the RSI. Probably these are in colour fills and they grad attention far easier than trendlines that require one to manually draw onto a pool of black and white blobs. Nonetheless, I am constantly reminding myself that trendlines are what makes a trade tick. Obey them. To illustrate my point, let me refer to the current weekly charts of First Resources and Gallant for a deeper appreciation to the trendlines that I am talking about. I have chosen these 2 stocks just for ease of discussion and that the trendlines have been going on and on since 2009. Surprised? Let's delve deeper.
First Resources has a diagonally up-sloped uptrend for the last 2 years ......
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By healthytrading
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