* As long as price point remains above the 30MA, the counter will stay in an uptrend and according to Stan Weinstein, we should continue to hold position provided it is is an uptrend. However, if the price point dips below the 30MA, it’s time to exit especially if you’re still holding any position.
* Based on my observations, VStop ( ), on the other hand, seems to adhere to the 30MA: lower limits denoted by green+ surface whenever the price point stays above the 30MA while upper limits denoted by yellow+ surface when the price point dips below the 30MA. So it appears that VStop follows Stan Weinstein’s 30MA line.
* Well not so. Through my analysis/observations, divergence between the VStop and the 30MA does appear some times and I find them to be significant for Entry Signals. Taking DOMO as an example, yellow+ began surfacing on 6 Jan which is a divergence from the 30MA. Technically, VStop should be surfacing the green+ as price point is above the 30MA. The VStop green+ only converges on 14 Jan and this is a good Entry Signal to go long. So far, I have verified this finding with other indicators like RSP and amongst others and it appears that my prognosis is correct which is why I’m sharing this with you.
* Word of caution: this is my first sharing as a rookie trader. I always do due diligence whenever someone mentions a noteworthy counter. Just so you know, I’m long on DOMO like yesterday (14 Jan) at $68 which I reckon is a good price point for entry. Although my stop loss is at 30MA, baring any unforeseen situations which may result in earlier exit, I plan to ride this trend as do all trend followers.