Today I was watching how the IDC stock
was being back tested. As I was learning
how it was being dissected I came to realize that stock trading is very keen to
details. It was different to what we’ve
been taught because the stock was on a sideways movement. Key important notes that were considered
takeaways are:
RSI is only relevant on trending stocks
not on sideways. For momentum traders,
ride the momentum and not the trend. Always
find a sign of strength of buyers. Learn
how to find the true resistance for Darvas box tops.
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