Understanding candlesticks
Candlesticks are used to show the price action of a stock. They are the foundation of technical analysis (TA). Technical indicators are applied to them in TA. A chart is made of bars that have little lines stemming from the top and the bottom; these are known as candles. The candle conveys 4 pieces of information: open price, close price, high price and low price.
Candles refer to that information for a specific period of time. For a daily ch...

As we have seen how volatile market have been on the first week of 2024, one way to measure volatility breakouts is through technical indicators, such as the average true range (ATR), which tracks how much an asset typically moves in each price candlestick.
Average True Range (ATR)
A sharp rise in the ATR can alert traders to potential trading opportunities, as it most likely indicates that a strong price movement is und...

Technical Analysis Challenge: How to choose stock charts for your needs?
Charts are tools for traders and investors to evaluate stock prices and identify trends and patterns. Although various chart types are available, the most commonly used are line charts, bar charts, and candlestick charts. Understanding these basic charts is helpful for making informed decisions in the stock market. Luckily, with the moomoo app, selecting and switching between different chart types is simple.
To help you und...

I need all the decision making material and sources I can have for better decision making processes!

When plotting key Support and Resistance for the first time it is imperative to zoom out to the higher time frames. Levels that can be visually (and easily) seen at these levels will be much more significant. Remember, if you have to strain your eyes to see it, it is likely not a key level.
I personally use the color blue for resistance (like the sky above) and orange for support (close to a ground color). You can choose as you like, or stay with one color since support often flips t...