Day1: What is MA?
Moving average literally the average of the past few defined bars (period) using normally its close prices. Let's take a look at my free Pifzer PFE stock![]()
Since trading in longer term, I like to look at daily chart. Populate the MA and change the series of period to some common numbers like 10, 20, 50, 100, 200. Can try also some fancy number like fibonanci no. 5,8,13,21,34,55, 89,144...
Since trading in longer term, I like to look at daily chart. Populate the MA and change the series of period to some common numbers like 10, 20, 50, 100, 200. Can try also some fancy number like fibonanci no. 5,8,13,21,34,55, 89,144...
![Day1: What is MA?](https://ussnsimg.moomoo.com/1647619024413-random5749-102535273-android-compress.jpg/bigmoo)
Look for the best MA that give the bounce (support, resistance). Chosen one shorter and a longer period. 20 vs 200
![Day1: What is MA?](https://ussnsimg.moomoo.com/1647619024554-random3728-102535273-android-compress.jpg/bigmoo)
It's moving UP. Above the 2 MA.
Take a look at the weekly. It's also UP.
Take a look at the weekly. It's also UP.
![Day1: What is MA?](https://ussnsimg.moomoo.com/1647619024662-random2521-102535273-android-compress.jpg/bigmoo)
Let's go down 4 hour chart and see the better entry.
![Day1: What is MA?](https://ussnsimg.moomoo.com/1647619024794-random966-102535273-android-compress.jpg/bigmoo)
Since the daily bar is now far away from the MA20, it will revert back nearer to the MA20 before moving higher. Missed the boat on 14th to enter so let's wait for the next boat when it revert nearer to MA20 on daily chart and enter by 4hourly chart when it bounces and above its MA20.
this is just pure MA, with supply/demand zone, entry can well be refined.
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