Pro. use technical analysis to look for stocks w/ short-term price momentum. Not interested in fundamental or intrinsic value of stocks, but rather in their trends and patterns.
*Note: In this Economy-.
CMT CFP 19yrs in industry, Found charts in 2000, hooked ever since. Founding partner at Barber Lackey Financial Group & Presidium Capital. No recommendations, just ideas......do your homework. Personal: Husband, Dad and Motorhead
Trend Trading with Multiple Time Frames. ((Price)) is the True indicator, VWAP, MACD, Volume and TA can always help. Charts are good to set Targets, But ((Price)) only pays. So be flexible that charts can change patterns.
Over the last 5+ years, through much trial & error, I have honed in on a trading system using simple supply/demand principles paired with trend line and gap analysis. I steer clear of most indicators, candlestick analysis, and moving averages.