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1. From long term investing perspective, it's useful to confirm the long trend by checking the simple MAs 20/50/200 (represents 1 trading month/quarter/year respectively).
2. For long strategy, look for stocks where Simple MA 20 > 50 > 200 and current price > MA 20, means the uptrend still intact.
3. Check the past pattern of the stock, see if those moving averages are highly probable to be a strong support (price tends to rebound there after retracement).
4. Enter your position by tranches when stock price dips to the support level. Example if you prepare to invest $10,000, you could split it 4,000 : 3,000 : 3,000 at different support levels.
These are my personal views, you're welcome to add on any good ideas. ...
2. For long strategy, look for stocks where Simple MA 20 > 50 > 200 and current price > MA 20, means the uptrend still intact.
3. Check the past pattern of the stock, see if those moving averages are highly probable to be a strong support (price tends to rebound there after retracement).
4. Enter your position by tranches when stock price dips to the support level. Example if you prepare to invest $10,000, you could split it 4,000 : 3,000 : 3,000 at different support levels.
These are my personal views, you're welcome to add on any good ideas. ...