BDEV Analysis, Weekly / Daily
F4T, would you mind confirming something please?
On the graphs attached for the trend lines, I have used closing prices as
blue lines and extremities as
red lines, because these paint two different pictures as to what is going on.
I'm also trying to work out if you use the weekly or daily charts to trade, as there is some confusion as to trend line breaks.
If you were looking to trade BDEV, on the weekly chart, using the
blue trend line it has broken through, but using the
red trend line the price is some way off.
If you then switch to the daily chart using closing prices,
purple trendline , the price is some way off and nowhere near to breaking the trendline.
Hopefully this is clear, because i'm starting to confusing myself.
I posted this under the incorrect heading, sorry Remo.