You can find a moving average of arbitrary type (simple, exponential, weighted, etc) and length to support your position. Moving averages should only be used to determine trends, not support & resistance
I twits real time to buy stocks that are ready to potentially move soon. I will take small profit for 1/2 position then swing for rest 1/2 . I will take small loss quickly when it return back under the trend line or breakout point with tight Stop .
Former electronic engineer turned broker / analyst. CNBC/USA Today Investment Challenge professional options division champ. Now retired and enjoy trading stock and options daily. In the market 32 years, learned from experience to trust charts.
Twits ideas 4 my personal use on Biotech & chart trades, but not recommendations on buy or sell.
I fail 99% of the time. You've been warned! Ideas Always be FREE. Follow me on twitter @BiotechMoney18 for more trade ideas.
Trading like a casino ... Ya baby!!!!
Find Your Edge, Manage Risk, and Win Like the House.
I am away from the screen most of the time but i do respond to messages.
Note: I post ideas for my own tracking