BIOS Stock: Backtests Are a Trader's Best Friend
When using technical analysis to determine the merits of an investment, there are a countless number of tools and strategies that someone can employ to their advantage. Characteristics found in price action are among my favorites.
For instance, backtests are and will remain one of my favorite types of price action. For those who have no clue what I am talking about, let me quickly explain.
In a bull market, a backtest occurs when a stock returns to test a previous level of price resistance. Once this test is complete, the previous level of price resistance becomes a new level of price support and higher prices tend to.
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When using technical analysis to determine the merits of an investment, there are a countless number of tools and strategies that someone can employ to their advantage. Characteristics found in price action are among my favorites.
For instance, backtests are and will remain one of my favorite types of price action. For those who have no clue what I am talking about, let me quickly explain.
In a bull market, a backtest occurs when a stock returns to test a previous level of price resistance. Once this test is complete, the previous level of price resistance becomes a new level of price support and higher prices tend to.
Den vollständigen Artikel lesen ...