Technical Analysis Challenge Day 3 - EMA
Putting what I learnt into practice.
PS: This is my TA observation, not financial advice.
I've been researching $Amazon(AMZN.US$ price changes recently. Below is how I set up the indicator on moomoo.
PS: This is my TA observation, not financial advice.
I've been researching $Amazon(AMZN.US$ price changes recently. Below is how I set up the indicator on moomoo.
I’ve been using common ones - EMA50 & EMA200 to find golden cross (uptrend) / death cross (downtrend). This is more to prep myself mentally what to expect in coming days/weeks/months after I started a position in a stock since I tend to invest for longer term than shorting stocks. I’ve added another line - EMA100 but still observing what I might do with it.
Re: AMZN I can see that the stock just hit deathcross where short term EMA (EMA50 - purple line) dips below long term EMA (EMA200 - green line). So if you have recently bought AMZN, please be prep that it may dip further.
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