Trend identification

Wednesday, 22nd December 2021 13:15 - by Moosh

As we prepare for the year ahead, 2022, I thought it best to quickly review a few simple observations that I have known for quite a while now, which occur during a true uptrend of 2+ weeks:

• Price makes new 9 day price highs
• Daily number of trades exceeds the 20 day average trade number
• Daily volume exceeds the 20 day average volume

With these in mind, it gives you more power in figuring out when a price is in a real trend. Daily price, volume, and number of trades is readily available across various investing outlets online.

- Catch up with Moosh's previous blog posts here

- Try out our research tools

Happy holidays and let’s look forward to a prosperous future now we have understood the boxes that need to be ticked in order for price to trend up!

The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.