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.