Shemaroo
CMP-172
This is just an example to track on what happens when a stock crosess 40 months moving average (MMA) after years.
Normally longer the period under 40 MMA , then a breakout above it , more the chances of it to become certain X .
This stock was trading below 40 MMA for 3 and half years.
Other observation here is what happens to a stock when it crosses and close above buying climax or effort to bring down candles ( big upper wick -in blue circle) – the top of these candles has been marked by a purple line.
Keep tracking – what happens to a stock when it moves above 40 MMA after years, you would learn lot of things in coming months.
Monthly Chart
Disclaimer :This post is just a for learning a method. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success depend upon various factors.
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