I’m trying to learn some entry signals for call options so I decided to look at Microsoft this morning. I didn’t buy immediately at market since it’s usually very volatile, could go either way. MACD was very green and I didn’t wanna buy at the top so I waited. Then around 7:40AM PST there is a slight dip followed by a nice positive run. RSI is slowly heading up but MACD is red so I was a bit confused trying to predict the upward trend that would follow. Should I have bought when MACD crossed over the signal line at 7:40? Wouldn’t that have meant it’s starting to oversell and the stock price would potentially fall?
Chart here for reference
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