When I look at the screen i saw this stock and it follows the rocket booster strategy So what is the rocket booster strategy?
The price has to be above the 50 SMA
The price has to be above the 200 SMA
Price has to gap up above both SMA's
These price movements are always happening in the stock market and this looks like a good opportunity to capitalise BUt there is one problem its called FOMO.
This is why you have the ADX below to show wether its a good entry or not as you can see below the green line is above the red line, this shows you trend strength Rocket boost this content to learn more.
Disclaimer:Trading is risky, you will lose money wether you like it or not please learn risk management.
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.