As some know, I like charting. There are a lot of reasons, but at least it gives an edge about where the price of security is. Trending, non-trending, etc.
And you are able to scroll through many names in a short period of time.
An example.
This is the daily renko chart of Carnival Corp (ticker: CCL).
Mention how the trend is becoming negative.
And you are able to scroll through many names in a short period of time.
An example.
This is the daily renko chart of Carnival Corp (ticker: CCL).
Mention how the trend is becoming negative.
Now if you go to the traditional point and figure charting, the same phenomenon can observed.
So if one want to set up a scan for buy or sell candidates than this can be a good starting point, because there are a lot of automated programs scanning for this kind of P&F set-ups.
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