$COMP daily close above MA50 (22.2292).
Let’s break this number down.
Moving averages are calculated from prices that have already happened, so they naturally lag behind: the longer the period, the smoother the moving average and the slower it turns.
An intraday cross and confirmation at the daily close are two different things: it’s more convincing if the price is still on the same side of the moving average after the close.
With leveraged trading, first work out whether you can handle the worst-case scenario, then consider what the signal is saying.
#COMP
Let’s break this number down.
Moving averages are calculated from prices that have already happened, so they naturally lag behind: the longer the period, the smoother the moving average and the slower it turns.
An intraday cross and confirmation at the daily close are two different things: it’s more convincing if the price is still on the same side of the moving average after the close.
With leveraged trading, first work out whether you can handle the worst-case scenario, then consider what the signal is saying.
#COMP