The Simpler, The Better

It is always important to find fundamental sound companies to trade technically.

Technical Indicators are tools to help us confirm our analysis or give warning signs on a potential trend reversal such as RSI/MACD divergence.

The example above is to use a bollinger band (BB) to identify the trend, which is down. A downtrend line resistance can be easily drawn with the help of BB 20dMA line.

When there is a breakout above this line, we can do a swing trade.