Trading on the Basis of Current Intra-day Trades
If the trend seems to be continuing, then it’s a good stock signal to trade as it allows less risk entries with profit potential. Following the trend line is the beneficial medium of getting entry & stop loss strategy.
Trade Good Stocks in Uptrend & Weak Stocks in Downtrend
Trading on the basis of high correlation to the major indexes, stocks can easily be separated as a weak & strong one. This, really is a profitable stock picks for the traders which allow them to trade with good stocks.
At the time when market futures or indexes moves high, it’s good to buy good stocks. Similarly, at the time when futures & indexes go down, short sell the stocks that drop more.
Trend lines are the beneficial guidelines cum SGX stock signals which show where the stock price will initiate & end. Due to this, trend lines can be used for the next stock price movement. During the long position, it’s recommended to buy stocks after the price lower downs in the order of trend line & further move higher.
In order to make substantial profit potential, it’s essential to follow above trading guidelines. As market moves in a waves where upside & downside are the common aspect, it’s very important to trade as per the trend.