Using the Moving Averages and RSI to optimize buying process
In this chart I have explained my rationale using Moving averages, relative strength and RSI to initiate a buy on this scrip.
I always use a weekly chart to check for overall trend and analysis and based on it will initiate a buy on a Daily chart.
Explanations are given on the chart. The idea is get the maximum conditions in our favour for a profitable trade. Hope it will be helpful.
Another important thing is to always define a stop loss if the trade does not go according to plan.
I always use a weekly chart to check for overall trend and analysis and based on it will initiate a buy on a Daily chart.
Explanations are given on the chart. The idea is get the maximum conditions in our favour for a profitable trade. Hope it will be helpful.
Another important thing is to always define a stop loss if the trade does not go according to plan.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.