This stock chart work well for explain how is my judgment at the moment of pick a stock:
Part 1
Judge the trend (Red Arrows) from 2012-12-24 to 2014-03-31
For this I used the (weighted moving averages Red 36 Blue 54 Green 74)
I use a triple moving average but I dot not follow signals like a triple crossover
I interpret the moving averages based in qualities (discretionary) and I make a personal opinion based on the shape of the moving averages
and not in a triple crossover or some other mechanical system
My dynamic support zone is between the red moving average and the blue.
Part 2
Support and Resistance
With this stock chart is easy to recognize resistance levels
When I publish ideas always use the same set up and if you are reader you can look that my ideas look similar but the stock symbol is always different
Because I always work with the same principle of Support and Resistance, breakouts and price pullbacks
Now the present: this stock is trading above 2008 highs, then look to the now some months ago the price breakout a resistance level around 82.30 and there are a pullback in progress, is a good opportunity to entry in this trend
Part 1
Judge the trend (Red Arrows) from 2012-12-24 to 2014-03-31
For this I used the (weighted moving averages Red 36 Blue 54 Green 74)
I use a triple moving average but I dot not follow signals like a triple crossover
I interpret the moving averages based in qualities (discretionary) and I make a personal opinion based on the shape of the moving averages
and not in a triple crossover or some other mechanical system
My dynamic support zone is between the red moving average and the blue.
Part 2
Support and Resistance
With this stock chart is easy to recognize resistance levels
When I publish ideas always use the same set up and if you are reader you can look that my ideas look similar but the stock symbol is always different
Because I always work with the same principle of Support and Resistance, breakouts and price pullbacks
Now the present: this stock is trading above 2008 highs, then look to the now some months ago the price breakout a resistance level around 82.30 and there are a pullback in progress, is a good opportunity to entry in this trend