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How to read a technical chart for stock trading?
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1. Begin by familiarizing yourself with the types of technical charts available. Examples include bar, line, and candlestick charts.
2. Identify common chart market analysis tools such as trendlines, support and resistance lines, volume, moving averages, and other indicators.
3.. Observe the chart for any patterns or trends that may occur. For instance, look for head and shoulders or cup and handles.
4. Utilize the identified chart patterns combined with technical indicators to form a trading strategy.
5. Consider placing a buy or sell order when patterns and indicators align.
6. Be sure to consult a financial professional for any advice about investments and stock trading.