[Bullish Trend]
A level of important trend formation when once formed tend to persist until evidently proven reversed. A bullish trend allows price to move higher highs and higher lows over a long period of time.
[Bearish Trend]
A level of important trend formation when once formed tend to persist until evidently proved reversed. A bearish trend allows price to move lower highs and lower lows over a long period of time.
Stocks trading in their long term downtrend movement
Long Term Downtrend stock shows rebound opportunity with its Major Resistant being the main key to take note. While waiting for the price to hit its Major Resistant, a pending Bullish Uptrend formation is needed to be seen first. Until price has evidently proven broken out of its Major Resistant, the stock will still persist to be in a long term downtrend mode with only short term trading activities for rebound.
Stocks trading in their long term uptrend movement
Long Term Uptrend stock shows rallies followed by healthy retracement with its Major Resistant turned Major Support being the key to with hold the stock in the long run. Bullish Uptrend formation to continue persist until evidently proven price has violated it to trigger a exit trade from this stock from any positions. Target profits set on each rallies on individual targets.
Stocks that are trading in their long term downtrend present short term trading opportunity for their rebound.
Stocks that are trading in their long term uptrend present short-mid-long term trading opportunity for their rallies.
Stock price does not move up or down on a straight line manner but consist of multiple rallies followed by retracement.
Applying the trend following strategies allows us to detect the past and current trend of the market/stock. What comes next is the price action movement.
Where are their Buy Price Range? Where are their Stop Loss Range? Where are their Target Price Range?
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