Momentum is usually a good short term trading indicator
Usually trend is your friend and momentum brings you higher. for short term trading this would be one of my most important factor. But short term reversal is also a good way to enter if there is a market wide short term correction. Generally look out for medium term upward trend with short term pullback as a buy-the-dip opportunity.
On the contrary medium term downtrend like for Alibaba would mean that it is best to stay away.
Sentiment is also another good indicator. For current environment where FOMO and TINA dominates, you see that negative news dont impact DM big stocks much, while small positive news make it go higher.
On the contrary medium term downtrend like for Alibaba would mean that it is best to stay away.
Sentiment is also another good indicator. For current environment where FOMO and TINA dominates, you see that negative news dont impact DM big stocks much, while small positive news make it go higher.
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