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star1611
Mar 23, 2021 7:44 PM

Side Trend or Uptrend? 

SUNCOR ENERGY INCTSX

Description

Beginner trader here. Not sure if I drew the trendlines correctly. I wonder if it would be another side trend or going up...
Comments
SkylarkPilot
If you do not yet use MACD, perhaps pull up the MACD chart as well. It will be a good indicator when the market is bearish or bullish and when the switch, short term or long term, occurs. When you plot MACD over, say 2 weeks, the MACD line might show a short term bullish trend, whereas the 3 month or 6 month trend might show a different story. Play with it.

Other trends that might help is RSI and CCI. Understand what they are and how it might help you.
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