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I have been looking at heaps of charts lately and finding the 200 day MA to have some merit. A lot of stocks have broken the 200 MA and continued upwards. Some bounce off it and some well haven't reached it and others see it as resistanceWhat got me into MA as an indicator was the reading of Sam Weinstein's book. He drills it home on nearly every page.He recommends 30 Wk MA for investors and 10 Wk MA for traders.Just recently the XAO pulled above the 200 MA which some say is a bullish sign.Anybody prefer one MA tmeframe over another?
I have been looking at heaps of charts lately and finding the 200 day MA to have some merit. A lot of stocks have broken the 200 MA and continued upwards. Some bounce off it and some well haven't reached it and others see it as resistance
What got me into MA as an indicator was the reading of Sam Weinstein's book. He drills it home on nearly every page.
He recommends 30 Wk MA for investors and 10 Wk MA for traders.
Just recently the XAO pulled above the 200 MA which some say is a bullish sign.
Anybody prefer one MA tmeframe over another?
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