i'm getting use to all this but would like some clarification . say i'm interested in buying in some stock that is currently trending upward - eg cba. i draw the trendline , and it's still going up, but HOW DO I KNOW WHEN TO COME IN? the price may not necessarily go down to the line and bounce off it in the near future.
say i'm already in and the trendline is broken some time later on. if i see volume and the price breaking lower than the trendline, is that the time to sell, or should i wait and see - a ranging time may occur which is followed by another up trend. basically when would i sell and what volume effect would i be looking for.
i'm more intersted in using basic volume at this point rather than indicators, as i need to understand what kind of volume i'm looking for before i can understand what the indicator is telling me.
i've been looking for this answer but not found it yet. hoping to get a quick answer and save some time. hope my question doesn't bother anyone. thanks.