I am not good in technical analysis of the stock market. I do not wish to attend a course and learn the techniques. It takes much time. Technical analysis is also a skill that comes with experience over time.
I found a better way to carry out technical analysis. I follow a few people who carries out the technical analysis. I watch the video that they put up on YouTube. The cover the price trends and explain the technical indicators.
I listen to their presentation. I decide whether or not to follow any of their predictions. Apart from the technical analysis, I also learn about the business and fundamentals of the stock.
I find that this is a better way to make investment or trading decision - by combining the technical analysis with an understanding of the business.
My experience in using this approach has been profitable. I made good profit on investing in Tesla (TSLA) and Nano Dimension (NNDM) using this approach.
I follow the technical analysis given by this presenter. He makes a report every day on the hot stocks and indices.
https://youtu.be/GewfhHoacH4
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