Technical Analysis - How I use the Interpretation of Indicators
This technical analysis function of Moomoo has been very useful for me as one of the key indicators for me to decide if this is the right time for me to enter into the market. In most situations before I put up an order, I will always check out this interpretation of indicators and usually I will buy when the meter is showing “Neutral - No obvious signal : the trend is not clear” or “Oversold - Positive Signal : the trend is relatively optimistic” for 1D， 1m and 60m indicators. This step is crucially important so that we are not entering into the market at “Overbought - Early Warning Signal : trend is relatively bearish” or “Way Overbought - Danger signal - high short term risk”. I believe the sudden rally of purchases will push the share price high to a level of overvalued/overpriced and when the share price settles down the next time, price will plummet to its previous level.
By making use of this technical analysis interpretation of indicators, we can save ourselves from impulsive and emotional buying to avoid making unnecessary loss and place ourselves at a higher risk in our investment journey.
Really appreciate Moomoo apps for having this wonderful, effective and easy to use function!
By making use of this technical analysis interpretation of indicators, we can save ourselves from impulsive and emotional buying to avoid making unnecessary loss and place ourselves at a higher risk in our investment journey.
Really appreciate Moomoo apps for having this wonderful, effective and easy to use function!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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