HRS 0.00% 3.0¢ hudson resources limited

inside day, page-3

  1. 5,893 Posts.
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    Hi Promoter

    If by following, you mean watching it run away from me, then yes I have :)

    Never too late to have a closer look at fundamentals and that's what I'm doing now.

    I do like the 34 day EMA as an important area of support and consolidation and I use the 13 day/34 day crossover as an indication of a possible change of trend.

    In a strong uptrend I use the 13 EMA as an indicator that the trend is intact and then on the retrace I watch for support/crossover on the 34 EMA.

    When I get bullish reversal candle patterns near the 34 EMA then I watch closely for a bounce.

    Obviously today will be a tough day here following the US weakness on Friday and I'm being cautious with new positions.

    Cheers
 
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