GMMA crossover between 6.25-6.50 with strong momentum, with MACD in long position BUT RSI overbought way over 70 so opening a position would have been very risky... despite overbought price reached 6.79 before retracing so there was space for a gain but I thought there was too much risk for me buying with RSI at 74.
A strategy could be waiting for a retracement...
GMMA bullish crossover occurred between 13.60-13.70 with MACD long crossover already in place and RSI over 50 and not too near overbought so a long position could have been opened. Also the crossover and later break of MA 200 are singals confirming up trend.
Usually when I open a position after a GMMA crossover I prefer to sell 1/2 of my shares after a fixed 3,5%...
Gmma signalled a positive shift in trend around 540-542 with MACD crossover and rsi>50 confirming Up trend.
Long term MAs are pointing higher and beginning to spread with equal distance confirming up trend strength; also short term MAs are pointing higher confirming short term is Up.
Price has reached a first resistance at 616-617, if breakout occurs price...
