ππππ//
@koolgal: Technical Indicators are useful tools to help determine whether it is a good time to enter into a position. I like to use Moving Averages (MVA) to determine the current trend of the stock I am interested in. I like to compare the 50 day MVA and the 200 day MVA. I look for Golden Cross if I want to buy. A Golden Cross happens when the 50 day MVA crosses above the 200 day MVA, creating a BUY signal. Conversely, if I want to sell, I look for Death Cross. This happens when the 50 day MVA crosses below the 200 day MVA, creating a Sell signal. However for these indicators to work effectively, they should be accompanied by high trading volume. Nonetheless, it is not wise to solely depend on Technical Indicators. I do my Fundamental Analysis first before I even look at Technical Indicators. Investing is a marathon not a sprint as I hope to achieve FIRE - Financial Independence Retire Early as my primary goal in life.
@TigerEvents@TigerStarsDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments