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If you want to trade, you must know how to analyze stock charts. There’s a ton of information to learn, so keep it simple with Tim Bohen’s five chart essentials. Take notes and make a list. Then every time you pull up a stock chart, run check each item. Watch and learn!
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First things first ... You need to understand the basics of the candlestick chart. Why are they red and green, and what’s the wick?
Tune in to see an example. In this one, we have a two-day, one-minute chart. So each candle represents one minute of time.
The color shows you price action. So if the stock was higher or lower than the previous candle, that sets the color…
Green indicates the price went higher, and red denotes it went lower. The idea is you can see a trend. And the wicks show the high and the low within that time period — they show you the range for a period.
Now, you want to look at support and resistance levels, as well as areas of interest.
Support and resistance are areas where the stock struggles to break out, which would be a resistance level. Or if it's holding a level to the downside, that's your support level.
When you bring up a chart, you always want to know what the 52-week high is and the volume versus the average volume. Tune into the video to learn why these are so important.
Last, always look at the previous day close — or the red-to-green or green-to-red line. This is the area where stocks tend to spike.
Super League Gaming, Inc. (Nasdaq: SLGG) was a great example of this. It’s been a crazy runner for several weeks. It’s in a hot sector. And you can see it gap in the morning, then continue to trend up.
Be sure to watch the video for all of the details!

#StockMarket #Stocks #Charts
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.

By Stock Chat

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22 thoughts on “5 ways to analyze stock charts”
  1. Avataaar/Circle Created with python_avatars Martina Chandler says:

    When you say 945 is your favorite, EST?

  2. Avataaar/Circle Created with python_avatars Rahgini Jackson says:

    Hi thanks for teaching. Old Testament Bible Proverbs 23: 22-26. Have a good day.

  3. Avataaar/Circle Created with python_avatars John Smith says:

    Great info Tim! Thank you

  4. Avataaar/Circle Created with python_avatars Fari Faro says:

    Simple and easy newbi like me it’s work 👍👍👍❤️

  5. Avataaar/Circle Created with python_avatars soldier of God ☪️ says:

    4 bag holders keep disliking the vid 🤣

  6. Avataaar/Circle Created with python_avatars Troy Stewart says:

    GREAT JOB ON GTIM LETS KEEP IT GOING LETS HIT THE 7.00 STRIKE PRICE

  7. Avataaar/Circle Created with python_avatars Bruce Gibson says:

    Thanks so much for the training…You really break it down from complex and confusion to simple and easy to understand…Keep up the great efforts, well appreciated!!

  8. Avataaar/Circle Created with python_avatars J G says:

    Thank you sir! Just finished Tim’s 30 day boot camp challenge and totally understand you this time! Cheers!

  9. Avataaar/Circle Created with python_avatars Mike Garrido says:

    What trading platform do you use?

  10. Avataaar/Circle Created with python_avatars Claudia Cardenas says:

    Great info!!!! thank you

  11. Avataaar/Circle Created with python_avatars Serpief says:

    Great beginner/introduction video. Wish this was one of the first videos I had seen when I started trading. 👍👍

  12. Avataaar/Circle Created with python_avatars Apache 1967 says:

    I'm Apache Indian. I don't have to worry about it. I shave my head every other day to get that smooth shaved look for my big pumpkin head.

  13. Avataaar/Circle Created with python_avatars VNpro says:

    Just found your YT channel…great videos!

  14. Avataaar/Circle Created with python_avatars Maganth Mogandas says:

    Thank you Kindly 😊 🇨🇦🇨🇦

  15. Avataaar/Circle Created with python_avatars Harley Kidd says:

    great video, i shared this with my trading group as i do lots of your videos to help the inexperienced and growing traders wanting to learn and they really enjoyed it.. thanks for all you do

  16. Avataaar/Circle Created with python_avatars Greg Killian says:

    Solid gold here as usual. Thanx again @TBohen

  17. Avataaar/Circle Created with python_avatars Alan Friedman says:

    Thank you very much. Concise, clear, pleasant !

  18. Avataaar/Circle Created with python_avatars Adrian Jovale gomez says:

    5 ways to analyze stock
    1)Candlestick chart
    2)Support and resistance, knowing hold dollar half dollar
    3)Stock history ,if is the stock has a tons of resistance or not
    4)Check Unusual Volume
    5)Previous Closing Price

  19. Avataaar/Circle Created with python_avatars LETS GOOOO!! says:

    Great video Tim!

  20. Avataaar/Circle Created with python_avatars nordan00 says:

    Tim, God knows I love ya (not in a physical sense, of course, though you’re a very handsome man in a rugged sort of way), but I think a lot of times, when people have been bag holding for an eternity, they’re more eager to punch out as soon as they get back to even rather than load up at that break even point. It’s a little of that, “Fool me once, shame on you…won’t get fooled again!”

  21. Avataaar/Circle Created with python_avatars Dee says:

    Good bullet points.

  22. Avataaar/Circle Created with python_avatars theoriginalsru says:

    Watched this video 3/31/2021 – Bohen is an excellent teacher. What about secondary indicators?

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