note: it's probably due for a bounce soon, but I wonder if that
200 day MA might be a target over time.
that's the weekly chart you show, otherwise take note that the
200 day MA is around 135 where you list a stop, could be a magnet,
if the stop gets hit the 200 day MA almost certainly gets hit. I'd
probably move it somewhere below the 200 MA, but that's
me.
there's a minor support here but otherwise the 200 day MA is
only 3.5 points away
Posted by DigiNomad on 15th of Apr 2024 at 05:35 pm
Interesting. Thanks for the info! If using EMA's vs SMA's,
it's basically sitting on the 200 now and clearly the relative
strength was good today. I'm not eager to stick my neck out
though. Maybe I'll play it with a much tighter stop and replay it
later if I'm wrong.
yeah the EMA vs SMS is always a debate. Lot's of folks use EMA's
these days, I use them for the MA ribbons and intra day time
frames. Otherwise my general thought is that the 200 day and 50 day
SMA's have been so widely followed for many years that I tend to
use those on the daily time frames over the EMA's. For smaller time
frames, 2hr, 60 min, 15 etc, and for weekly I use EMA's, though the
200 week SMA tends to be important
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thanks for the idea. note: it's
XLV - I kind of like the risk reward for ...
Posted by matt on 15th of Apr 2024 at 05:26 pm
thanks for the idea.
note: it's probably due for a bounce soon, but I wonder if that 200 day MA might be a target over time.
that's the weekly chart you show, otherwise take note that the 200 day MA is around 135 where you list a stop, could be a magnet, if the stop gets hit the 200 day MA almost certainly gets hit. I'd probably move it somewhere below the 200 MA, but that's me.
there's a minor support here but otherwise the 200 day MA is only 3.5 points away
Interesting. Thanks for the info!
Posted by DigiNomad on 15th of Apr 2024 at 05:35 pm
Interesting. Thanks for the info! If using EMA's vs SMA's, it's basically sitting on the 200 now and clearly the relative strength was good today. I'm not eager to stick my neck out though. Maybe I'll play it with a much tighter stop and replay it later if I'm wrong.
yeah the EMA vs SMS
Posted by matt on 15th of Apr 2024 at 05:37 pm
yeah the EMA vs SMS is always a debate. Lot's of folks use EMA's these days, I use them for the MA ribbons and intra day time frames. Otherwise my general thought is that the 200 day and 50 day SMA's have been so widely followed for many years that I tend to use those on the daily time frames over the EMA's. For smaller time frames, 2hr, 60 min, 15 etc, and for weekly I use EMA's, though the 200 week SMA tends to be important