Flashcards
Chapter 2 Part II
Cards in this deck (10)
- 1All indicators work off what?PRICE ACTION
- 2When the Coval Indicator is high and turns to the downside, what color arrow will it produce? This gives indicates a strong chance your stock is about to do what?RED
DROP - 3True or False: The MACD's Indicator typically turns green before the Coval IndicatorFALSE
- 4What does MACD stand for?Moving Average Convergence Divergence
- 5The MACDs are combined of what? Which is plotted and smoothed over how many days?A short term moving average of 12 days and a long term moving average of 26 days
nine days - 6If a stock is low and turn high it is what? What does this mean for the direction of the price?Undervalued
Price is ready to bounce up - 7What does it mean if volume is 50% or more higher than the horizontal line?It indicates Institutional Buying/selling
- 8What is a trading pattern?a collection of past trading levels drawn together to make it stand out.
i.e. Connect the dot - 9A double bottom is what type of pattern and what does it signify?BULLISH
It signifies the stock's unwillingness to break to the downside as investors buy the stock on the pullback - 10What are the other 5 price patterns listed in this chapter and indicate if they are bullish or bearish?Double Top- Bearish
Head & Shoulders- Bearish
Ascending Triangle- Bullish
Descending Triangle- Bearish
Triangle- Either
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- Flashcards on Chapter 2 Part II, created by tashandra isom on 28/10/2016.
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