Trader Brian Jones on Twitter: "It also hold that green 10 sma on the 10 day chart. No accident that's hold the computer programs trade it. But the problem is when you go to the 10 day chart. See how it spikes higher way above it's uptrend. That's a sell signal. https://t.co/ol3JfuHXTr" / Twitter

It also hold that green 10 sma on the 10 day chart. No accident that's hold the computer programs trade it. But the problem is when you go to the 10 day chart. See how it spikes higher way above it's uptrend. That's a sell signal.

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Trader Brian Jones

@MasterBJones

Apr 12

Friend asked what's a good looking chart for day trading. Well if a small stock holds it's uptrend line on the daily chart. As long as it does that's a hold. See how it bounces off the blue 50 sma. It never breaks below where it causes a sell signal.

9:59 PM · Apr 12, 2022Twitter Web App

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Thanks for these explanations. Been studying all your posts about this and my trading has improved immensely. How do you decide to trade the stocks gapping up though when the 10ma on the 30m hasn’t caught up?

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The best teacher on Twitter

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Thanks for this! Is there a percentage where the price hits high above the 10 SMA, or the 50SMA that gives you concern? Example, 5% OK, 10% watch, 15% prepare to sell?

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