Technical Analysis Challenge Day 1 – Moving Averages (MA)
Putting what I learnt into practice.
PS: This is my TA observation, not financial advice.
I want to analyze $Amazon(AMZN.US$ with MA.
Now I find it on moomoo and set the period to be 60 days.
PS: This is my TA observation, not financial advice.
I want to analyze $Amazon(AMZN.US$ with MA.
Now I find it on moomoo and set the period to be 60 days.
I can see days where AMZN dips below MA60 which may signal Buy (entry point). There’s 2 past instances in last year where it hit highs & this maybe Sell (profit point). see image below.
I also note that MA60 on downward trend and prices have been below MA 60 since start of 2022. Good news, it finally started to break above MA60 after months of dips signaling bullish market ahead maybe till stock spilt.
PS: In case you don’t see any MA line(s) after you set the settings, you need to click “MA” as circled in red.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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