Why Trend Lines are so important!
Yesterday I put my main setup on the Activision Blizzard with SMA 20,50,100,200; Horizontal Ray and the trendlines.
Many would see that in the past the price often had support at the range of 89-90 Dollar and would think that the share price would jump again including with the SMA200 support.
But with implementing the Trendline-Function by connecting dots of the lower/higher spikes you get a good understanding in what the trend could looks like.
This can be drawn in a timeline of a few years, months or days.
Many would see that in the past the price often had support at the range of 89-90 Dollar and would think that the share price would jump again including with the SMA200 support.
But with implementing the Trendline-Function by connecting dots of the lower/higher spikes you get a good understanding in what the trend could looks like.
This can be drawn in a timeline of a few years, months or days.
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