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Sean HymanSean Hyman
Keymaster
Post count: 9695

In investing or trading, it’s always beneficial to look at weekly, then daily, then hourly charts (if the first two look good) and in that order. They all show different things.

The longer-term charts are are more important than their shorter-term charts.

For investing, weekly charts are most important and daily charts are secondarily important.

For trading, while all 3 charts are important, its imperative that the daily and hourly charts look compelling.

For investing, the 200-week moving average is even more important than the 200-day, which is also important.

The longer the time frame, the more you see. The nearer the time frame, the more granular you see but if you only look at the nearer-term, then you don’t have the context of how it fits into the longer-term.