What "Shape" Is This Stock In?

Discover This "Instant" Chart Reading Technique.
 
   
     
   
On Friday, I taught a class based around the idea that you don’t have to spend tons of time learning new chart techniques. (you can catch it the recording here if you missed it)

It’s based around the idea that the market has a natural balance — and when that balance is disturbed, the stock price will move in a predictable direction as the market seeks to return to equilibrium.

Folks who attended really had an “aha” moment after I explained how the different chart shapes told me which direction the stock could be headed next.

This shape on the right side of this chart, for example, recently told me that Merck was looking like a good short opportunity.

MERCK Volume Profile Chart

And sure enough, a week after placing that trade, we closed that trade out for a 47% gain.

Now, I know it’s hard to believe that you don’t have to spend tons of time learning to draw lines on a chart or learn complicated formulas in order to trade successfully.

But since December 15th, I’ve exclusively used the method detailed above on a portfolio that has multiplied in size 14-times over.

And now you can see me do this live on the air several times each week by joining my Prosperity Pub Telegram channel.

It’s completely free — and on “Bring Your Own Stocks” days, you can even call out tickers that I’ll analyze during the live broadcast.

As I said, there’s no cost to join and you might even learn something to supercharge your trading.

See you in the channel.

Think Free. Be Free.
   
Signature Don Yocham
 
Don Yocham
P.S. We've put together this handy guide to help you get started with Telegram.
   
 

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