Charting

When it comes to predicting the movement of financial markets, there is no tool as valuable as charting. Charting is basically the art of writing out the pattern of a stock price so the analyst can identify patterns and use them to predict any future movement. There are three major types of charting.

Line charts: This is the simplest type of chart. In these, the closing price of the stock is plotted on a graph, with a line connecting each interval. [...]