Saturday, April 26th, 2025

How to use Minichart Trend line scanner?

Technical analysts can ascertain the present direction of market prices with the aid of a trendline. According to technical analysts, the trend is your friend, and the first step in executing a profitable trade is figuring out what the trend is. An analyst needs at least two points on a price chart in order to draw a trendline.

Trend lines are crucial to technical analysis because they may give traders a clear visual picture of market trends and possible reversal points, which can aid in making well-informed trading decisions. They offer a straightforward but efficient way to recognise and predict market behaviour.

Trend lines can benefit from the application of many of the same concepts that apply to support and resistance levels.

With Minichart Trend scanner, you’ll be able to draw trend line and monitor if it breaks out using the scanner.

658 views

Leave a Reply

Your email address will not be published. Required fields are marked *

Elite UK REIT: Solid 9M24 Results and Strategic Asset Management Boost Outlook

Comprehensive Analysis of Elite UK REIT and Its Peer Companies Comprehensive Analysis of Elite UK REIT and Its Peer Companies Date of Report: November 5, 2024 Broker Name: CGS International Securities Pte. Ltd. Introduction...

Venture Corporation Stock Analysis: 9M24 Earnings Miss, but Long-Term Growth Potential Remains

Venture Corporation: Navigating Weaker Demand Venture Corporation reported a disappointing 9M24 performance with revenue at S\$2,073.9m, witnessing a year-on-year decline of 9.4%. This figure accounted for 68.1% of CGS International’s forecast and 67.3% of...

Stocks Skyrocket, Crypto Surges: How to Navigate the Investment Frenzy

As markets sizzle with record-breaking gains and cryptocurrencies climb dizzying heights, investors are grappling with a tantalizing dilemma: jump in or hold back? With the “Magnificent Seven” US megacap stocks leading a 60% surge...