I'm new for stock markets and has been trying to analyze some stocks from my ideas, but I am not sure if mine is correct.
I'm starting learning how to find prices to open an order and prices to sell out for both taking profit and cutting loss. I find RSI, MACD, Fibonacci, and EMA very effective for this purpose.
Right now, I am about to open an order of SIRI at 0.87Baht. Cut loss at 0.84 and take a profit at 0.96-0.97Baht
Any expert or guru who finds my techincal analysis incorrect can get it correct and explain it to me.
Hi there, good idea but remember rule number one - find trend and still down trend because the lower high and lower lows and you place the Fibonacci up and not down, I recommend you to watch videos about Fibonacci in down trend so you can compare with the one you have there. I’m not an expert but I like your effort, keep it up.
Brook30343
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@Gabrielsaba Thanks for your recommendations. I already learn more that drawing Fibonacci is different based on the overall trends in certain timeframe. I will research and practice more on the indicators.
I’m not an expert but I like your effort, keep it up.