Use a moving average to read 2 stock shares?
I own an ETF (ishares canada) and ALSO a single share of a stock that is a HOLDING within the ETF. The ETF and the single share stock (mfc: Manulife Financial) are both upward movers. Since they both tend upwards, how do i read a moving average to my advantage?
If the shares are moving upward they should be above the 50 daymoving average.Hold as long as they stay above. If they break below it’s a sell signal. Their positive momentum may be broken. You could sell or monitor closely for signs of weakness. If you hold set a stop loss 5-10% below the price they are at so you limit your potential loss.
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