Technical analysis of stock
Decoding Stock Charts: A Beginner's Guide Using Alphabet (GOOG) Welcome, aspiring investors! Today, we're going to peel back the layers of a stock chart and learn how to use technical indicators to make informed trading decisions. We'll be using a chart of Alphabet Inc. (GOOG) as our case study. Understanding the Basics Before we jump into specific indicators, let's clarify what technical analysis is. Unlike fundamental analysis, which examines a company's financial health, technical analysis focuses on studying past market data, primarily price and volume. The aim is to identify patterns and trends that can potentially predict future price movements. The Alphabet (GOOG) Chart Take a look at the chart you provided. It's packed with information, including: Price Chart: This shows the price of GOOG over time, displayed as candlestick patterns. Each candlestick represents a specific period (likely one day in this chart). The green candles indicate that the price ...