The 200 SMA is used to demarcate bull zone from bear territory. Statistics have indicated that long positions above this line favours the bulls and short positions below this line provide better odds for the bears.
You should add this moving averages to all of your charts in all time frames. Yes. weekly charts, daily charts, and intraday (5 min,30 min, 60 min) charts.
The 200 SMA is the most important moving average to have on a stock chart. You will be astonished at the frequency a stock will reverse in this region.
When writing scans for stocks, you can use this as an additional filter to find potential long setups that are above this line and potential short setups that are below this line.
The list of SGX Counters Hovering Near 200 SMA was an exploration result written by using Metastock . Stay alert and be nimble if the counter you are trading appears on the list posted above. Expect high volatile swings as the stock struggles to decide whether to remain as a bull or tranform into a bear and vice versa.
Metastock free trial available at www.metastock.com/tacttrial
You should add this moving averages to all of your charts in all time frames. Yes. weekly charts, daily charts, and intraday (5 min,30 min, 60 min) charts.
The 200 SMA is the most important moving average to have on a stock chart. You will be astonished at the frequency a stock will reverse in this region.
When writing scans for stocks, you can use this as an additional filter to find potential long setups that are above this line and potential short setups that are below this line.
The list of SGX Counters Hovering Near 200 SMA was an exploration result written by using Metastock . Stay alert and be nimble if the counter you are trading appears on the list posted above. Expect high volatile swings as the stock struggles to decide whether to remain as a bull or tranform into a bear and vice versa.
Metastock free trial available at www.metastock.com/tacttrial
Posts
No comments:
Post a Comment