Using a 240 wma to establish trend and 21 day Hull moving average for signal. If trend (wma) is rising buy next day open when price closes above 21 day Hull moving average.
Comment with your thoughts all comments welcome and appreciated
Setup nicely to retrace and fly.
Break through daily 200MA effortlessly, and shooting up high ever since.
It is taking a short break to 5-5.3 and will race to 6-6.3 short term.
Great turn around situation, and may be a long term play also.
Lithium Americas Corp.
Technically, long opportunity with possible double bottom. Lithium price is very volatile, still no futures as of yet. LME still working it out www.lme.com
Fundamentally there is talk of possible oversupply.
This chart is for the Toronto Stock Exchange. Stock also available against USD on...
As per Stan-Weinstein's book The Secretes for Profiting in Bull and Bear Markets, 200-day Mansfield relative strength index is an important indicator to determine the stage of a stock. The basic calculation is using the close price of the subject stock and close of a benchmark index using the following formulae:
a - subject stock
b - benchmark index
SMA (x, p)...