Replies to post #49 on Swing Trading Model

[HomieTheClown]

The pot stocks on my radar all had good price increase yesterday due to talk about a promising marijuana rule/bill being announced.

[LiveLife]

= ADVANCED SWING TRADING 101 =

A great example of when to SHORT and COVER a stock. ZIOP chart illustrates trending stock with clear SHORT/COVER points.

You SHORT a stock when you anticipate drop in share price and COVER when you anticipate/see signs of rebound.

Investopedia's definition of Short Selling - https://www.investopedia.com/university/shortselling/shortselling1.asp

- SHORT as MACD fell below signal line and histogram went from positive to negative
- COVER/BUY as 5MA bottomed and MACD crossed above signal line with histogram went from negative to positive
- HOLD as 5MA stayed above 30MA
- SELL as RSI hit 70 and 5MA/MACD peaked
- SHORT as MACD fell below signal line and histogram went from positive to negative