Nice information primer on basic technical analysis indicators. Lately I tend to favour Bollinger Bands and tend to use them in this way. When the bands contract into a narrow range during price consolidation, it is typically good reward-risk to purchase when price hits near or below the lower band. Typically it is a set up for a breakout to occur in the future. BB can also be used to wait out an overly heated frenzied period by forcing one to be more disciplined by waiting for price to fall back under the top band and closer to the averaged price of both bands. Worthy of investigating further.