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For the following problem, do either part A or part B; you only need to study one stock using either technical indicators ( part A
For the following problem, do either part A or part B; you only need to study one stock using either technical indicators part A or price patterns part B For part A or B provided a copy of the price chart and any indicators that were used in your analysis.
A Use an online technical analysis program, such as BigCharts Stockcharts or a charting softwarewebsite of your choice, along with at least two different technical indicators of your choosing, in addition to the volume indicator, to identify a stock that looks like it is ready to rise or fall in price over the next few periods days or weeks Ideally, the stock should only be a few periods days or weeks into its move ie there should still be an opportunity for profit andor risk management. The goal of the problem is not to use technical analysis to explain a past move, but to help identify a potential new buy or sell candidate using technical indicators. Therefore, fewer points might be awarded for identifying a stock that does not offer any current investingtrading opportunity and is just describing a past move. Comment on the technical indicators, along with any potential buy or sell signals highlight any buy or sell signals on the chart A thorough analysis is expected.
B Use an online technical analysis program, such as BigCharts Stockcharts or a charting softwarewebsite of your choice to identify a common technical analysis price pattern for example, a triangle, cupwithhandle, headandshoulders, double bottom, double top, etc. on a daily or weekly price chart your choice for a stock of your choosing and explain why the stock looks like it is ready to rise or fall in price over the next few periods days or weeks based on the price pattern identified. Ideally, if the stock is already rising or falling, the stock should only be a few periods days or weeks into its move ie there should still be an opportunity for profit andor risk management. The goal of the problem is not to use technical analysis to explain a past move, but to help identify a potential new buy or sell candidate using price patterns. Therefore, fewer points might be awarded for identifying a stock that does not offer any current investingtrading opportunity. Comment on the pattern, along with any potential buy or sell points. Illustratedraw any pattern or necessary support andor resistance on the stock price chart to further highlight the pattern and any buy or sell signals. Use the current levels of volume to support your position. A thorough analysis is expected.
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