AZL 0.00% 2.0¢ arizona lithium limited

Hi PennyproMy recommendation for you would be to learn off...

  1. 574 Posts.
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    Hi Pennypro

    My recommendation for you would be to learn off YouTube videos.

    Learn as much as you can about these, to help your entries and exits:

    1. 200 EMA to confirm an uptrend (price above EMA)
    2. MACD to identify entry point (upward crossover occurs below zero line)
    2. RSI Divergence to add clout to entry

    When these three line up, it can be pretty powerful. You would do the reverse to exit. Ie. price below 200 EMA, MACD downward crossover occurs above zero line, RSI divergence).

    When all the above makes sense to you, then move on to paper trading to get some experience as it's not always a 100% sure thing and you will learn to "balance" or provide "weighting" to the signals if that makes sense. You'll learn how to read into them, and you may expand into other indicators that add further clout.

    If you find a stock with some seriously good fundamentals like for example ADN and NVX, then apply the above, you could do very well. Checkout the MACD crossover (buy signal) about to occur on NVX at the moment.
    Last edited by FatoftheLand: 21/10/21
 
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