While trading, I usually use MA-20 as a sell signal for stocks which already started running from a long base.
It doesn't mean that the stock will go down further. When I sell a stock, I have absolutely no idea about what it will do after. It may indeed goes down further, or it may consolidates somewhere forming a new base.
CELH broke out of a long forming base on Feb 29 after earnings. That was a buy signal.
After a month running up from a buy point the stock was sold down on higher than average volume today, crossing down its MA-21 and closed at the lowest.
That is, at least for me, a sell signal.
The longer-term trend? Still uptrend! I am looking for opportunities to enter it again.
It doesn't mean that the stock will go down further. When I sell a stock, I have absolutely no idea about what it will do after. It may indeed goes down further, or it may consolidates somewhere forming a new base.
CELH broke out of a long forming base on Feb 29 after earnings. That was a buy signal.After a month running up from a buy point the stock was sold down on higher than average volume today, crossing down its MA-21 and closed at the lowest.
That is, at least for me, a sell signal.
The longer-term trend? Still uptrend! I am looking for opportunities to enter it again.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.