Best Trend Reversal Indicator For Stock Trading

MACD indicator...
The histogram and the line crossing the zero level is a good reversal signal. Note that the zero level must be crossed by the two lines. If the histogram crosses the zero level but the line doesn't, you don't open a trade.


That means right now there maybe a downtrend confirming soon.

Singapore stocks opened generally higher today.

I have nothing to buy and nothing to sell.

Let's take a break.

Adrian's Journal
The rookie trader

Comments

Post a Comment

Popular posts from this blog

On Balance Volume Trading Strategy

Volume  shows crowd sentiment as price bars carve out patterns that predict a bullish or bearish outcome. Volume supporting price action creates  convergence , adding reliability to directional signals. Opposing action creates  divergence , warning that market forces are in conflict, with one side eventually taking control. OBV generates more actionable signals than the green or red volume histograms commonly found at the bottom of  price charts . OBV hits a new high while the price tests resistance: bullish divergence, predicting the price will break  resistance  and surge higher, playing catch-up. The price hits a new high while OBV grinds at or below the last resistance level: bearish divergence, predicting the  rally  will stall or reverse. OBV hits new low while price tests support: bearish divergence, predicting the price will break support and surge lower, playing catch up. The price hits new low while OBV grinds at or above the last s...
Read more

Rise to the Top: Navigating the Stock Market as a Rookie Trader

As a beginner in the stock market, I am constantly monitoring the market and its fluctuations. Recently, I have noticed that the market seems to be on the rise. With this upward trend, I can't help but feel a little bit of "fear of missing out" (FOMO) about not buying any stocks. Yesterday, TSLA (Tesla, Inc.) fell back down after a morning rise and closed at $118.85. This has prompted me to consider buying TSLA at $119, in the hopes of making a profit as the market continues to rise. However, as a rookie trader, I need to be cautious and make sure to thoroughly research and consider all options before making any decisions. At the moment, none of my current holdings are ready to be sold yet as most are still in the red. As a rookie trader, it is important for me to have patience and not rush into any decisions. I will continue to keep a close eye on the market and my holdings, making sure to make informed and calculated decisions as I navigate the world of stock trading.  ...
Read more

Rookie Trader Journal 211221 - Queued to Buy GS and Sell YUM

I s it a good day to buy stocks? Look at the  S&P 500 hourly chart ...  Is the 10 SMA above the 30 EMA?  Is Williams %R (3) less than -80 (oversold)?  Is the ADX momentum indicator above 25?  If one is Yes, buy!  👉Buy What stocks to buy?    Buy DJIA and S&P500 stocks.  undervalued PEG less than 1.5,  uptrend above 200MA, when going down and about to bounce...   https://finviz.com/screener.ashx?v=111&f=fa_peg_u2,idx_sp500,ta_perf_1wdown,ta_sma20_pb,ta_sma200_pa&ft=4 Double confirm for UNDERvaluation here...  https://simplywall.st/dashboard Buy if undervalued more than 30%. 👉Q to Buy GS at $360 Which stock to sell? Check for OVERvaluation here...  https://simplywall.st/dashboard Sell if overvalued. 👉Q to Sell YUM at $135  Until tomorrow.  May the market be with you. ~ The Rookie Trader  PS: I would like to thank the following... For the charts...  https://finance.yahoo.com/ Fo...
Read more