Technical analysis is an art as much as it is a science. So, ot is not surprising that sometimes they have differing opinion. I look at the moving average for 50 day and 200day as well as RSI to determine if it is oversold. If the stock is oversold, my risk is lowered if I choose to buy now, provided that the fundamentals remain sound. I normally will buy if it is below the moving averages and oversold and down by 5-10% for volatile stocks or 2-5% for ETFs. I am no expert with technical analysis and this current technique that I use have worked well for me. I normally sell once my target price has been reached or a set value of potential profit has been reached. Similarly, if the stock is overbought based on the RSI due to for example good news, I would take profit. However, if I believe that the rally may still continue, I might sell only in part or choose to hold on.
@SR050321 @Universe宇宙 @DiAngel @SPOT_ON @HelenJanet @Wayneqq @Fenger1188 @Kaixiang @LuckyPiggie @Success88 Technical Hunter
Technical analysis: Classic chart patterns for stock picking.
Disclaimer: 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