How to read a stock chat?

[Salman1]

Take a look at the  chart at ... Cup and Handle Chart Pattern Analysis

This chart shows a multiple moving average configuration where the moving averages have converged and are ready to explode upwards. The gray line is the close price and the colored lines are the 5, 10, 15, 20, 30, 40, 50, etc. moving averages. This in conjunction with the stocastics crossing the MACD at the 0 line upwards is an extremely strong signal. 
Note also that this formation is also a cup and handle breakaway, but there are many other patterns to consider too. 
Another problem with PIR is that the industry group - home furninshing - has taken a big hit last week. In addition to technical and sector analysis, please don't forget to factor in fundamental analysis of the stocks you are considering. This is the trinity to finding stocks that will appreciate.