I do not usually run into this problem but when I do it really confuses me. I do not know which chart to trust.. Since technical analysis depends so much on the price action and on the chart you need to make sure you have it right. Therefore I bring to you four different pictures of the same stock, but two completely different charts that could potentially alter your view on a trade drastically if you look at one over another. Please let me know your thoughts on why this happens and if I am missing something obvious, thank you. Maybe we need to contact these charting services and tell them what it is happening if it actually is a mistake.
Click to enlarge the images --
The first chart is from TC 2000 (the charting service I use, and I think this chart is correct)
Click to enlarge the images --
The first chart is from TC 2000 (the charting service I use, and I think this chart is correct)
The next chart is from StockCharts.com, what happened to that extra leg up? Did price actually trade as high as 8.10ish? According to StockCharts it didn't --
Now here is CNBC's depiction of the stock and the chart, it looks the same as TC 2000, mhmmmm...
Finally we have Trading View (which many people use) showing the same as StockCharts.com....
Now that we have seen all the different charts you can easily tell how looking at one over another can alter your opinion on the security greatly. The question is.. Which one is actually correct?
Thank you for your responses.
Thank you for your responses.