Inseego Corp.Education
Simple trend trading strategy
The EMA 30 & 60 act as medium term support level for the uptrend stock, after the first wave, wait the stock price retrace to the area of the EMAs.
Now can find for a candle with price closed above yesterday's candle, and with the volume higher than yesterday's volume.
Put the stop loss below the nearest turning point, and we can trace the trend until the EMA 60 is broken, or you can set a specific price to take profit, but a good trend should give you at least 2:1 reward to risk ratio.
Of course it is better to find a stock with positive earnings, and stock with earnings growth.
**Only for educational purpose, no buy/sell call.
Now can find for a candle with price closed above yesterday's candle, and with the volume higher than yesterday's volume.
Put the stop loss below the nearest turning point, and we can trace the trend until the EMA 60 is broken, or you can set a specific price to take profit, but a good trend should give you at least 2:1 reward to risk ratio.
Of course it is better to find a stock with positive earnings, and stock with earnings growth.
**Only for educational purpose, no buy/sell call.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.