{"id":642,"date":"2007-02-20T18:50:38","date_gmt":"2007-02-20T23:50:38","guid":{"rendered":"http:\/\/selfinvestors.com\/tradingstocks\/mail-bag\/technical-analysis-importance-of-looking-at-multiple-time-frames\/"},"modified":"2007-02-20T18:50:38","modified_gmt":"2007-02-20T23:50:38","slug":"technical-analysis-importance-of-looking-at-multiple-time-frames","status":"publish","type":"post","link":"https:\/\/selfinvestors.com\/tradingstocks\/mail-bag\/technical-analysis-importance-of-looking-at-multiple-time-frames\/","title":{"rendered":"Technical Analysis: Importance of Looking at Multiple Time Frames"},"content":{"rendered":"<p>\n<strong>Question:<\/strong><\/p>\n<p><font face=\"Arial\">Thanks for the tips on reading the charts. I never knew a person was supposed to look at the weekly chart first. Maybe that is what I have been doing wrong?&nbsp; Thanks. <\/font><\/p>\n<p><font face=\"Arial\">I looked at the charts for AVTR just to see if I could see what you meant. Where was the resistance on it?&nbsp; I guessed at about $65. Is that right? Why does it look like it is in danger of breaking down below support of the 50 day?<\/font><\/p>\n<p><strong>My Response:<\/strong><\/p>\n<div><font face=\"Arial\">Looking at the weekly first and narrowing down from there to the daily and then the intraday for buying and selling is key to understanding the big picture.&nbsp; For example: on the daily it might appear that the stock is breaking out to a new all time high but if you look at the weekly you might see that it&#8217;s just part of a much larger base with lots of resistance in its path.&nbsp; Stocks breaking out to new all time highs are much more bullish.<\/font><\/div>\n<div><font face=\"Arial\"><\/font>&nbsp;<\/div>\n<div><font face=\"Arial\">The resistance currently in AVTR is about 86- 87 which is the highs of the current base.&nbsp; It looked like to me it was in danger of breaking below support because you see on Friday it moved lower with sell volume well below avg.&nbsp; It closed a hair below support on Friday.&nbsp; Today it continued that move and the bullish action is broken.&nbsp; This is no longer a stock that would be considered for purchase.. at least not anytime in the near future.<\/font><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Question: Thanks for the tips on reading the charts. I never knew a person was supposed to look at the weekly chart first. Maybe that is what I have been doing wrong?&nbsp; Thanks. I looked at the charts for AVTR just to see if I could see what you meant. Where was the resistance on &hellip; <a href=\"https:\/\/selfinvestors.com\/tradingstocks\/mail-bag\/technical-analysis-importance-of-looking-at-multiple-time-frames\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Technical Analysis: Importance of Looking at Multiple Time Frames<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-642","post","type-post","status-publish","format-standard","hentry","category-mail-bag"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/comments?post=642"}],"version-history":[{"count":0,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/642\/revisions"}],"wp:attachment":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/media?parent=642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/categories?post=642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/tags?post=642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}