Weekly charts summarize key data points for all daily trading sessions that week.
These time frames for charts are usually associated with long-term forecasting and analysis.
Weekly charts conveniently display data for one to two years on the screen, making it a convenient way for analysts and investors to see the long-term trend of a security.
Capitulation occurs when a significant proportion of investors give in to fear and sell within a short period of time, resulting in a sharp drop in the price of a security or market against a backdrop of high trading volume.
The Accumulation/Distribution Line (A/D) measures the supply and demand of an asset or security by looking at where price closed in a period range and then multiplying that by volume.
A bull trap means a reversal that forces market participants who are on the wrong side of the price movement to close positions with unexpected losses.
A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick the next day is followed by a large white candlestick whose body completely overlaps or engulfs the body of the previous day’s candlestick.
Consolidation is a technical analysis term used to describe the price movement of a stock within a given range of support and resistance over a period of time.