CMG - Chart Link - logical

    Posted by matt on 11th of Nov 2019 at 11:18 am

    CMG - Chart Link - logical bounce off the 200 day MA. 

    Remember when price has been uptrending a for a long time and hasn't retested a major MA like the 50 day or 200 in months, I find that almost always price will at least bounce off it at least temporarily.  

    One could write a scan to look for stocks coming down from a major uptrend and simple place a GTC buy limit order near a major MA. I find the 50 and 200 MA's are best, however in very strong uptrends price will do the same with the 20 MA if it hasn't tested it in a long time. 

    nice one Matt!

    Posted by morton7 on 12th of Nov 2019 at 09:34 am

    nice one Matt!

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