New Trader here, so don't think I know anything. I use price, volume, moving averages, and longer term trends (weekly) to determine trade direction for daily swing trades.
TCOM has rallied back up to moving average resistance and is at the top of a downtrending channel on a daily chart. Weekly chart is "eh", not in a strong uptrend, but not downtrending either.
Seems like a good short opportunity if it shows weakness.
TCOM has rallied back up to moving average resistance and is at the top of a downtrending channel on a daily chart. Weekly chart is "eh", not in a strong uptrend, but not downtrending either.
Seems like a good short opportunity if it shows weakness.