Stock Picks Through Technical Analysis
Looking for the best stock picks for free? StockThrust is here to help you find hot stocks poised to make a significant move up (or down) in the stock market. Whether you are into swing trading, day trading, or investing, allow us to to help you learn stock trading by what you see – through technical analysis of stock charts.
If you are a new visitor, we recommend that you read our Technical Analysis Primer to get down the basics before taking on any of our picks. It will make communicating our ideas on stock picks better understood.
Then, sign up to be a member of our stock picking community. By doing so, you gain access to our members only site where additional stocks are analyzed and discussed.
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For the cost of a mere S&P 500 e-Mini futures tick, you can train with a simulator that will help flush out trading problems and increase your success in the markets. I developed this trainer to assist aspiring currency and futures traders focus their attention on price movement and not technical analysis indicators. Try out the limited free version!
Here’s a tip.
Whenever you use the volume by price indicator found on most online charting and software packages, look for areas of congestion. In the example below, you can see that the bulk of the price action is towards the top of the price peaks. Whenever you see this, you need to take a short position or stay completely away from the issue as this shows price distribution.
Use this on a weekly time frame to see the bigger picture. If you are a heavy day trader, use it on an hourly chart and look at the last 20 days of trading to get a sense where the bulk the trading occurs and if you see a long tail volume pattern at the top end or bottom tail of the period.
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