https://hotcopper.com.au/threads/life-saving-lost.4259898/page-55?post_id=34019691#.WzUVFRZ_WEc
Some points to consider?
Ideally we want to invest in strong companies with solid earnings growth. A share on a price chart is generally either going down, sideways, or up. I use simple technical tools to determine the trend. One or more moving averages on a chart provides a quick visual check of a company's financial health.
One of my rules is to only buy stocks that are trading above a 200-day moving average. The 200-day MA is not some magic critical number. The 200 value after years of back testing and research, is a good compromise.
3. Sell any stock that falls below the 200-day moving average. This will save a trader from being involved with the likes of RFG, TLS, BIG, FLC, and many other disaster stocks.
4. Never buy a stock trading below the 200-day moving average. These stocks are weak for a reason, and more often than not, only progressively get weaker.
Immediately selling a stock when it falls below the 200-day moving average is an important risk management strategy. IMO, strong companies have no business trading below the 200-day MA. Here are some recent examples why it is important to both get out and stay out:
TLS (Telstra): most recently fell below the 200-day MA at $5.10 (Feb 14, 2017). Current price $2.62.
RFG (Retail Food Group): most recently fell below the 200-day MA at $6.13 (Feb 24, 2017). Current price $0.425.
FLC (Fluence Corp): most recently fell below the 200-day MA at $0.82 (Aug 09, 2017). Current price $0.40.
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $177.5M |
Open | High | Low | Value | Volume |
16.5¢ | 16.8¢ | 16.5¢ | $4.343K | 26.32K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 244189 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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17.0¢ | 670034 | 6 |
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No. | Vol. | Price($) |
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3 | 234189 | 0.160 |
2 | 119300 | 0.155 |
3 | 140500 | 0.150 |
2 | 43000 | 0.140 |
1 | 22000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 670034 | 6 |
0.175 | 183965 | 3 |
0.180 | 229608 | 4 |
0.185 | 392997 | 8 |
0.190 | 470502 | 8 |
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