JLSE
2022-08-24
πŸ‘πŸ‘πŸ‘πŸ‘//@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@TigerStars
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