RE: Breaking up though 50 days MA13 Apr 2018 12:04
BULLISH
6 Tips for How to Use the 50-Day Moving Average
Six essential tips for how to use the indicator.
1 - Stock price above 50-day moving average is considered bullish.
2 - Stock price below 50-day moving average is considered bearish.
3 - If the price meets the 50 day SMA as a support and bounces upwards, you should think long.
4 - If the price meets the 50 day SMA as a resistance and bounces downwards, you should think short.
5 - If the price breaks the 50 day SMA downwards, you should switch your opinion to bearish.
6 - If the price breaks the 50 day SMA upward, you should switch your opinion to bullish.
These six rules are crucial for understanding the characteristic of the 50-day simple moving average indicator.