Have you make money lately in stocks market?
Why you trade? Why you buy or sell stocks? Because you want to make money from the stocks market. But making money in stocks market is not an easy task. Unless you systematic way to analyst the chart and make consistent buy or sell decision.
Moving Average is a powerful and simple method to trade. Read more to understand how MA works.
Moving Average
Moving Averages are very powerful. Moving Average not only smooth out the Price Action but also shows support or resistance of the market. The Price Action crosses above the MAs, it tends to keep going and pull backs or bounces off the MAs.
Buy or sell BS6? See Yangzijiang Shipbuilding (Holdings) Ltd, BS6.SI chart analysis for trade decision.
May 29, 2015 Yangzijiang Shipbuilding (Holdings) Ltd, BS6
This is an uptrend; PA keeps forming higher low and higher high. PA keeps bouncing off MAs, such as 100 MA. 100 MA provides the support for the BS6. This is not time to buy yet; let’s wait for PA to pull back to 100 MA and get supported by 100 MA. However, all set up can fail. When PA gets pull back to 100 MA, buy when you see bullish candlestick pattern. So, don’t play play, just any how buy. This will help you to minimize loses.
May 29, 2015 YingZiJiang BS5
You can read other BS6 analysis posting in the past.
Thanks for visiting the website.
Moses
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