I don’t know much about technical analysis. I was just wondering if anyone had some simple tips to follow when it comes to moving averages for a long term investor looking to buy. I know the basics about death crosses and golden crosses. But not sure what period each moving averages should be set at.
For example, I set one at 100, then the second well I just play around with that one from 10-30 and try and find one that matches the trend best, so I look for one that is closest to acting as support or resistance.
Is this the correct approach? Any tips greatly appreciated, choosing different averages Ofc give big differences.
Looking at wba stock right now it’s basically sat just below the 100 day ma, it has dipped under slightly but i assume that support and it’s probably not gonna go below 44 right? In thory*
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