Learning Corner : Moving Averages - weekly (10-20MA)
noon ... sharing a little on MOVING AVERAGEs. To learn that is simple : EMA or SMA ..it doesn't matter if you are new ... I m still using SMA tho I do know EMA more sensitive towards recent price-movements.
ABMB weekly : here the blue-line is 10MA ...weekly. it is a very strong support as we could see the chart moving along that ... keep it till 20MA broken ..the red line.
Say we were LATE ... arrhh ... i missed the lower level ... then we CAN STILL buying it NOW ..and ride it up, especially it is NEAR the blue-10MA line as that acts as a support with risk is ..cutloss BELOW the red line. Ride it up means ... no sell.
Sound simple ?
because it is simple but VERY DIFFICULT to carry out due to our EMOTION and NOISES around...
PATIENCE ... GRIT ... those are the difficult level.
note : I do not have position in ABMB but might consider if I hv 'extra' funds ... currently caught up with MANY stocks as they diving sharply, and I got greedy on those.
TEH
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