They show you an overall trend within a time frame. Godfather moving averages are the 50-period moving average and the 200-period moving average, at least from my understanding. If you use multiple moving averages you're able to really see what the price "wants" to do. They can also serve as support and resistance. I personally use three moving averages, 8, 50, and 200-period. The larger period moving averages allow you to see the overall trend, while the smaller period moving averages allow yo
It's a basic indicator that tells you short term trends. I would focus only on 50 and especially 200 only if you like indicators. I would not use it for entries. Don't look for crosses since they are lagging. They are good for targets and tell you where beginner traders are located. If you want to understand things better, you must learn how to use volume based indicators (leading indicator) and divergences (hiding buying/selling) to see the bigger picture.
Note also there are discretionary traders who don't use indicators and make decisions based on experience and mood. Then there are system (or mechanical) traders who may use complex rules, indicators, and black box systems. It's based on your personality. You have to find what you like. That's why some of the gurus do not use indicators.
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I'm still holding my position. The support looks pretty strong, and the company's future is looking more positive than negative. Yes, the price spiked at 4.20 but that doesn't mean it won't go higher. There's past resistance around that area. The stock was on an uptrend before the earnings call. So I feel like it's safe to hold overnight.
I guess it depends on what your goals are. I like to go for short-term spikes. However, if I see enough potential, I try to be flexible and hold.
every time i try that approach the bell open always plumets from premarket. i cant ever trade premarket.
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I was in at $3.71 this morning. Out at $4.20. Might go back in.
@Stackout Luck! I didn't get in until this morning when it was already up there. Got in at $4.12, but I think I see a pretty good spike coming. I feel like the morning spike was just the beginning
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Yeah, but the volume sucks, man. Good luck getting out of that position.
Yea I was up 400 on it yesterday at the close shouldn't have held I'll keep buying and selling try to work my way out of it
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Are you predicting it will spike?
@Roma3588 I'm not sure if it will spike or not, but it appears to have solid support today at around .095 If it breaks below that, I think it will drop further. If it goes above .10, it is possible that it may hit .12 or .13. Looks like resistance at .13 needs to be broken for a good run upwards. Although, if it goes from .10 to .13, that is 30% gain. I would welcome that.
I may attempt to reenter later when i see some up trend. took my small loss for the day.
Ok, I checked the chart with your comments and you´re right :) I will put this stock on my watchlist
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It is trash but today it has earnings news, don't pump trash without catalysts or volume, understand?
@timothysykes yes papa tim
Lmao
hahah
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