RE:RE:fdfd ....fdfd12 wrote:
OK this is the last thing for today lesson.
Check the price compared to the 13 day moving avg.
When the price goes far away then the 13 day, (like $5 or so for CXR), then it is TOO FAAAR from it.
Imagine a rubber band from the price to the 13 day. When too far, the rubber band will bring it back.
This is done in 2 ways.
1) the price is too far and will come back closer to the 13 day.
or
2) the price will stay there for about 1 week until the 13 day comes closer to it.
Is this clear?
Thank you fdfd12.....nice chart and observations