 |
| Advanced Micro Devices Inc. Daily |
The best way to describe this chart; Trend Following 101, there's nothing simpler to spot than a security that exhibits higher highs and higher lows coupled with a strong and steady 50 moving average in the direction of the prevailing trend that correspondingly triggers a buy signal when the stochastic lies oversold.
It appears as if $14 is standing as resistance to bullish optimism but won't provide much of a fight when weighed up against the strengths listed in the paragraph above and the divergence emerging from the stochastic that indicates the continuation of the trend.
No comments :
Post a Comment