Article Written by Author of the book: The Happy Candles Way to wealth creation.
There is always a lot of debate while using chart whether to use EMA or SMA.
EMA = Exponential Moving Average.
SMA = Simple Moving Average.
In the below chart Black and Orange lines represent 50 and 200 EMA. Blue and the Lavender line represent the 50 and 200 SMA.
Simple...
s.e 10.38
s.l. 9.56
t.p. 12.43
The graph shows an important bull trend, the indicators divergence like MACD and SMAs show how we are not yet in the best position of entrance so we have to wait in order to clarify the message of indicators. however the sentiments is quite good on this company so a long position is good to do, that's why the stop loss is so...