This is a brief
discussion about stock (equity) charting. The purpose of
this discussion is to inform you that stock charts exist
to:
- Show that you can plot the change of the stock price
over time on a graph.
- Analyze the history of stock price changes over time.
- Attempt to predict the future price of a stock based
on prior price history.
- Show by adding volume to a chart makes it a complete
chart.
- Allow "chartists" or people
who study chart formations or patterns on charts to attempt
to predict future prices
of equities, where a price will stop, or future supply and/or
demand of an equity or stock.
A
stock charting system or analysis is only an educated guess,
it is not a guarantee
of future prices.
The "educated guess" is based on what has
happened in the past. The charts display past stock
activity. [Tutorials
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