Our scanning software helps investors analyse stocks using technical analysis. Technical analysis is a method of evaluating securities by analysing statistics generated by market activity, such as past prices and volume. Technical analysts use charts and other tools to identify patterns and trends that can help predict future market movements.
There are two main approaches to analysing securities: fundamental analysis and technical analysis. Fundamental analysis involves examining a company's financial statements, management team, industry trends, and other factors to determine its intrinsic value. Technical analysis, on the other hand, focuses solely on market data, such as price and volume.
One of the key principles of technical analysis is that market trends, whether up or down, tend to continue until something changes. Technical analysts use charts and other tools to identify trends and patterns that can help them predict where the market is headed. By identifying these patterns, traders can make predictions about future price movements and use this information to make trading decisions.
Some of the tools and techniques used in technical analysis include chart patterns, technical indicators, trendlines, and volume analysis.
Price patterns are one of the key tools used in technical analysis. These are patterns that appear on price charts and can help investors identify potential entry and exit points for trades, as well as predict market direction. Currently our software is designed to detect bullish price patters. These are the most common price patterns and include:
- "Head and Shoulders Bottom" Read more here...
- "Double Bottom" Read more here ...
- "Cup with Handle" Read more here ...
- "Cup without Handle" Read more here ...
- "Flat Base" Read more here ...
Our website focuses on identifying price patterns, which is one of the key tools used in technical analysis. Price patterns can help investors identify potential entry and exit points for trades, as well as predict market direction. However, it's important to note that technical analysis is not foolproof, and there is always a risk of losses when investing in the stock market. As with any investment strategy, it's important to conduct thorough research and use multiple sources of information before making any trades.
Note:
The value of investments can fall as well as rise, so you could get back less than you invest. The information on this website and emails from us is not an advice, it is provided solely to enable you to make your own stocks buying and selling decisions. Taking the investments risk may not be suitable for all investors.