CYM new 52 week highUptrend supported by investors. Reflected in long-term group by widely separated MA lines Traders buying in pushing price up. Potential for a new leg in the trend Wide gap between the GMMA groups signals strength in the uptrend
Buying during a prolonged decline and selling during a prolonged rally seems to require a long period, such as 1 year, 2 years, or even 5 years.
Some stocks might have even longer cycles.
However, in the stock market, if we can make a profit over a shorter cycle, like a few months, it would be...
We usually look for this position, but many people buy in at a high point. So, how should we find this position?
Can we use Elliott Wave Theory to identify this position❓
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