Technical Note｜$AKE ｜Daily close above MA50｜MA50 0.02564
First, a definition: The slope of the moving average itself is also worth watching. A price moving above it while the average is still trending down is not the same as moving above it when the average starts turning upward.
A common way to read it: An intraday break above and confirmation at the daily close are two different things. It is more convincing if the price remains on that side of the moving average after the close.
Indicators can be wrong, so never skip a stop-loss: It is more important to plan what you will do if your view is wrong than to predict correctly.
First, a definition: The slope of the moving average itself is also worth watching. A price moving above it while the average is still trending down is not the same as moving above it when the average starts turning upward.
A common way to read it: An intraday break above and confirmation at the daily close are two different things. It is more convincing if the price remains on that side of the moving average after the close.
Indicators can be wrong, so never skip a stop-loss: It is more important to plan what you will do if your view is wrong than to predict correctly.