WEEKLY UP TREND STOCKS
Let the price move below Center Point or Level 2 and when it move back above Center Point or Level 2 then buy with whatever low registered below Center Point or Level 2 as the stop loss. After buying if the price moves to Level 3 or above then look to book profits as the opportunity arises. If the close is below Weekly Reversal Value then the trend will change from Up Trend to Down Trend. Check on Friday after 3.pm to confirm weekly reversal of the Up Trend.
Note: R1-(Resistance), R2- (Resistance), R3- Resistance, S1- Support & S2- Support *Note: Up and Down Trend are based of set of moving averages as reference point to define a trend. Close below averages is defined as down trend. Close above averages is defined as up trend. Volatility (Up/Down) within Down Trend can happen/ Volatility (Up/Down) within Up Trend can happen. Relative Strength (RS) is statistical indicator. Weekly Reversal is the value of the average.