@entropylord the process of trend following is nothing new and has been successfully used by both traders and investors for decades. The pop-out- of- the- box strategy is just one of the successful methods of following price action in an uptrend while benefiting if price happens to turn downwards. This strategy is explained here. sometimes these trends can be followed for weeks, months or years depending on the timeframe used on charts. Another thing when people use the terms buy or sell it is better to think in terms of enter or add to long positions or lighter long positions because incremental buying and selling of stocks is far more beneficial than buying and selling 100 per cent of a position. Selling half of a position and next sell signal half of the remaining half etc. is more likely to keep trendfollowing processes alive and healthy.
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $286.2M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.0¢ | $90.30K | 546.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 303067 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 620669 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 249317 | 0.160 |
6 | 447638 | 0.155 |
11 | 707702 | 0.150 |
16 | 738282 | 0.145 |
11 | 542777 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 545669 | 9 |
0.175 | 666990 | 5 |
0.180 | 501225 | 8 |
0.185 | 119057 | 4 |
0.190 | 810388 | 4 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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CVN (ASX) Chart |