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Investing Hacks: When to Enter a Trade?

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Moomoo Learn wrote a column · Jul 24, 2023 02:48
As we look back on the hottest concepts in the stock market since 2023, it becomes clear that ChatGPT has a high probability of occupying a prominent position due to its innovative AI technology.
For instance, $NVIDIA (NVDA.US)$ is a prime example of a chip stock that has skyrocketed over three times this year.
Many investors who participated in this round of the AI concept wave have earned substantial profits. However, several others have missed out on this opportunity despite noticing this hot spot, primarily because the stock price rose too fast, causing concerns about heavy losses.
Moomoo Learn is sharing a trick today that could probably help you find a good entry point in just 5 simple steps.
First, identify stocks that are showing strong upward momentum.
Second, utilize moomoo's drawing tool to sketch the support line.
Third, access the moving average line on the moomoo Quotes page.
Fourth, patiently wait for the price of the stock to drop back to the support and moving average lines simultaneously.
Finally, when a bullish candlestick pattern emerges, it might be an opportunity to enter the market, and don't forget to set a stop-loss position.
Investing Hacks: When to Enter a Trade?
The five steps mentioned above offer a potential entering chance.
As earnings season approaches, have any particular stocks caught your attention?
If you manage to open a position using the tips shared by Moomoo Learn today, please don't hesitate to leave a comment below, and share your experience of success with others.
If you find this helpful, please like and follow moomoo Learn for more useful content!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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