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Education

Simple trend trading strategy

NASDAQ:INSG   INSEEGO CORP
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The EMA 30 & 60 act as medium term support level for the uptrend stock, after the first wave, wait the stock price retrace to the area of the EMAs.
Now can find for a candle with price closed above yesterday's candle, and with the volume higher than yesterday's volume .
Put the stop loss below the nearest turning point, and we can trace the trend until the EMA 60 is broken, or you can set a specific price to take profit, but a good trend should give you at least 2:1 reward to risk ratio.

Of course it is better to find a stock with positive earnings , and stock with earnings growth.

**Only for educational purpose, no buy/sell call.
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