Do not check 200 MA on the weekly chart.

200 MA on the weekly chart is 1000 days MA and not 200 days.

To see 200 days MA on a weekly scale - use 40 MA as 1 week has 5 trading days and therefore, 40 MA on a weekly scale is 200 days MA.

A common mistake

More from The_Chartist 📈

More from Screeners

One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

Read

You May Also Like