The New 52 Week High And The Rocket Booster Strategy
When you look at this price action you
can see the new high is showing up but
notice that when it first hit the new high
It crashed this was something that could have discouraged you
especially if you are trying to understand or make money
money in the stock market
If you are looking at the CCI of this stock
JPM
its in the oversold position and this could cause
the FOMO...as retail investors start
buying, this will increase the level of price
movements.
One thing for you to remember
is the 3-step rocket booster strategy:
Always remember that trading is a game of patience
if you want to learn more rocket boost this content
Disclaimer: Trading is risky you will lose money
whether you like it or not
please learn risk management and profit
taking strategies
Also feel free to use a simulation trading account.
can see the new high is showing up but
notice that when it first hit the new high
It crashed this was something that could have discouraged you
especially if you are trying to understand or make money
money in the stock market
If you are looking at the CCI of this stock
JPM its in the oversold position and this could cause
the FOMO...as retail investors start
buying, this will increase the level of price
movements.
One thing for you to remember
is the 3-step rocket booster strategy:
- -The price is above the 50 EMA
- -The price is above the 200 EMA
- -The price has to reach a new high
Always remember that trading is a game of patience
if you want to learn more rocket boost this content
Disclaimer: Trading is risky you will lose money
whether you like it or not
please learn risk management and profit
taking strategies
Also feel free to use a simulation trading account.
Related publications
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.
Related publications
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.