Hereunder you see a Facebook / Meta Chart 1 Year after its IPO
Price Range is similar 37.5 / 12.5 = 25
1 Year = 256 Trading Days = 8 x 32 Trading Days
Price Range is similar 37.5 / 12.5 = 25
1 Year = 256 Trading Days = 8 x 32 Trading Days
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Disliked{quote} I need some help with that one Dave This is my twitter post from a couple of weeks back. Target for SP500 of 5300. {image}Ignored
DislikedThe Full Fractal of Price 0-100 is suitable for the Meta / Facebook chart 2 Years after its IPO. 2 Years = 512 Trading Days = 8 Quarters = 8 x 64 Trading Days Note that the Baseline ( Support and Resistance Line (SRL) (0/8) is at 0 Note that the Ultimate Support and Resistance Line - SRL (8/8) is at 100. Then the Center of Gracity of the Chart is at SRL (4/6) = 50 which was the SRL (8/8) on the previous 1 Year Chart (Price Range 0-50) {image}Ignored
DislikedDo your homework to understand and analyze this 12 Years Chart questions are welcomed {image}Ignored
Disliked{quote} First dumb one How to create the charts Excel ? Data imported from Yahoo ?Ignored
Disliked{quote} yes Dave IMHO doing the leg work manually on a long term daily chart is the best to play with and understand how it works.Ignored