Profit Opportunities that Lie Hidden in Your Stock Charts: 2023

In the book, we stated that charts covering different time frames observe the same technical disciplines and therefore have their own sets of trend lines (micro trend lines) and supports/resistances. It is these nested micro technical features (supports/resistances & trend lines) embedded in different intraday charts that can help you to demystify a stock's price action.

All highs and lows in a stock chart can be explained away (guided or restricted) by supports and resistances. It is therefore important to have all adjacent supports and resistances identified. Unidentified supports/resistances can lead to misjudgement and missed profit opportunities.

THE MARKET HONORS ALL KEY SUPPORTS AND RESISTANCES (IN CHARTS USING DIFFERENT TIME INTERVALS), WITHOUT EXCEPTION. It, therefore, pays to study charts using different time frames to get an accurate evaluation on the underlying security.

In this post, we try to demonstrate how charts covering different time frames should be used. There is no substitute for an analysis using charts covering different time frames. We start with the daily chart and work its way down to its 1-minute intraday chart.

It's a lot of work. If you want to uncover all that you need to know about a stock, this is what it takes.