Swingtrade Setup Process Using Multiple Timeframes

Here is the process I consider for a potential swing trade using an actionable trade idea for Monday. See important information about earnings at the bottom! Start with a the daily chart for idea generation The chart below of Mobileye $MBLY shows the trading history since the company first came public. 1 You can see that the stock is trading above the rising 50 day moving average (green line) this simple trend recognition tool tells me that the buyers are in control of the daily trend and that the stock should be considered innocent until proven guilty. That doesn t mean just buy it blindly, it means it is a good candidate to examine on a shorter timeframe for a potential LOW-RISK entry. 2 The purple line on the daily chart is the Volume Weighted Average Price (VWAP) since the stock came public, it is at approximately 45.11. The average price of the stock since it came public is below the current price which means the average long is in a winning position and feeling good about holdin
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