Today we’re covering one extremely important topic…
I recently received an email that read: “Lance, the trend is bullish, but I don’t want to chase it upwards. If I’m long, where do I get out? And if I want to initiate a short position, where should I get in?
The answer is simple… stick with something that works, something that is provenand a strategy that’s been around for years.
And in this case… it’s the MACD indicator.
The MACD is a technical momentum indicator that is used to assess the power of price movement in a market.
In other words, it helps traders gauge the strength of a stock’s price movement to determine trend direction, momentum, and potential reversals.