For Frank Cappelleri, technical analysis — reading charts to identify patterns in stocks and other assets — is not an art or a science. “It’s both.” That’s because, “I can look at an indicator and use a different way that someone else does,” Cappelleri, the founder and president of CappThesis, told CNBC’s Senior Markets Correspondent Dominic Chu in this special Pro Talks discussion available to all readers above. (Pro subscribers can watch the full interview, including Cappelleri’s outlook on the stock market, here .) The technician, who has 25 years of experience trading stocks and analyzing chart patterns, discusses: How he started his career in technical analysis and the lessons he’s learned. The tools he uses to identify breakouts — both to the upside and downside. How he identifies what’s a signal and tunes out noise from a chart. His approach to risk management — by looking at chart patterns.
Source: www.cnbc.com