safvan
Established member
- Messages
- 515
- Likes
- 34
Hello
This question is related to 50 day moving average (simple) and the corresponding support in the stock prices.
We can note similar behaviour of 50 DMA bounces on 30 minute chart, daily chart and a weekly chart.
For institutional support which time frame makes sense?
I see when you combine price/volume and some 50 DMA line for strong bounces with volume that generally sets up the direction however I am intrigued as to which time frame it works the best.
A bounce happening off 50 DMA on a weekly chart might be a bit late because the same bounce has happened earlier on a daily chart at a discounted price.
thx
This question is related to 50 day moving average (simple) and the corresponding support in the stock prices.
We can note similar behaviour of 50 DMA bounces on 30 minute chart, daily chart and a weekly chart.
For institutional support which time frame makes sense?
I see when you combine price/volume and some 50 DMA line for strong bounces with volume that generally sets up the direction however I am intrigued as to which time frame it works the best.
A bounce happening off 50 DMA on a weekly chart might be a bit late because the same bounce has happened earlier on a daily chart at a discounted price.
thx
