Some basics related to technical analysis remain relevant all throughout these years even with the use of new age technologies. Some basic concepts like drawing trendlines and looking out for trend reversal, and when this happens with a big candle with big volumes, there are high chances of getting expected results. The more you look at charts, the more things you uncover about simple things working out most of the time.
The one person who focusses a lot on technicals (some methods devised of his own style) and can be a comparable role model to Lynch ( for fundamental based investing) is Mark Minervini. I have read his books and was lucky enough to watch his master trader program videos. Some of his basic concepts like watching out for a sector that breaks out to a fresh high when market is coming out of correction being the sector to be in are very relevant. There are a lot of other things which he teaches and are easy to follow and implement.
| Subscribe To Our Free Newsletter |
