Yep, couldn't agree more. It's amazing how a trend filter will...

  1. 3,704 Posts.
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    Yep, couldn't agree more. It's amazing how a trend filter will keep you out of bad trades. MAY looks like it is breaking down and now under the 65ema.
    On a positive note my little pet stock NVA is setting up for the 65ema bounce for the 4th. Trend started off with a perfect diamond reversal up to the 65, then went through it with a strong run on good volume (relative to NVA, still very thinly traded), now it is touching the 65 ema at the 62 fib level. I'm hoping it is a perfect setup and the 65 holds.

    https://hotcopper.com.au/data/attachments/5887/5887443-c56642e91f7aca2c3cda22665801412e.jpg

 
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