Now when you are looking at this stock I want you to understand that this type of strategy is good for investment purposes only This means you are not allowed to use margin
To trade these types of stocks. Otherwise, you will lose your money to trading commissions and market volatility
So instead you can use the rocket booster strategy to take advantage of this market move
You may think to yourself
"What is the rocket booster strategy?"
The Rocket Booster Strategy In 3 Steps:
Step 1 - The 50 Day moving average has to cross above the 200 Day Moving Average Step 2 - The 200-Day Moving Average has to be below the 50-Day Moving Average. Step 3 - The price should be above both the 50 Day moving average and the 200 Day Moving Average.
If you follow these steps then you will see the buying signal as shown in this chart above
Rocket boost its content to learn more. Disclaimer: This is not financial advice please do your own research before you buy or sell anything
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