Price retrenched, shall we take the ride NOW?!?
$American Virtual (AVCT.US)$
The resistance at $1.85 seems to be quite strong, luckily did not follow the trend to buy at around that price
Now the price has retrenched, would it be the good time to take on the bus?
current price $1.6
The resistance at $1.85 seems to be quite strong, luckily did not follow the trend to buy at around that price
Now the price has retrenched, would it be the good time to take on the bus?
current price $1.6
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Swing Trade Swag : Depends, what's your trading plan and strategy buy signal? Once your buy signal is triggered, make your entry ;)
Two methods for determining a strategy and buy signal in case you haven't established what that would be for you and your trading style: VWAP and Moving Averages.
VWAP
In this case, VWAP for the days trading session is currently at $1.70 so you know that's the average cost others have paid for it. Set a good margin below that amount for a discount.
MOVING AVERAGES
Configure the EMA (exponential moving average) indicator for some of the popular intraday timeframes and choose your entry based off of that.
On 10 minute chart
EMA (5, 13) (34, 50) - each is it's own setting within the indicator but if you use them together as I have grouped them while looking at the chart it will give you a good idea of where the intraday trend is going. For example, When 35 crosses and is below 50 we know the intraday trend is beginning to slope down. The 34-50 range will typically act as support as well so when price dips down to that you know it's a good area to buy within the daily range. However, if price begins to drop below 34 take it as a warning but if it starts dropping significantly below 50 then a reversal is likely to happen