Indicator frequently employed in technical analysis with the purpose of generating a price's moving average during a specific period of time. The indicator is made of a single line that displays a continuously updated average price value in order to assist smooth out the price data. Moving average indicators can be simple- and exponential- data driven. The formula for the simple moving average indicator takes into equal consideration the closing price values recorded during a specific period of time (21-days, 50-days...). The exponential version of the indicator does the same calculation as the simple version of the indicator. However the exponential moving average places more emphasis on the most recent price values, making those values more responsive and current to the new information.
The market has been range bound for the last few weeks with volatility on the decline, and earnings all over the place. So where to go to look for a trade? Nike has already had Earnings and is near a low of the year, so seems like a good option. As a contrarian that can mean only one thing to me: I have to make a trade with the assumption it will go up from here over the next 45ish days. We will do that by making a Long Call Vertical trade to bet that it starts to head up over the next couple months. For more on my trading and how to join me in real time, see below. Watch the video to get the details. Kal Trading Risk Disclaimer All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All tr