Saturday, November 9, 2024

Using Moving Average : MCement

 well ... here is another post on 'using moving average' ... to see the END of TREND ...


MCement : As we can see ... it is trading below 20MA weekly now, means it is a DOWNTREND stocks, as as traders ... we exited and deleted from our trading list and look somewhere else ... but but ... unless we want to trade 'technical rebound', we need to wait for oversold and sharp down for that potential sharp rebound. 

Nevertheless, it is a down-trending ...the best is to AVOID ..technically speaking. 

This is just for education purposes ... trade at own risk. 

TEH

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