REDDIT
I am brand new to swing trading. Please give me some advice on my technical analysis.
↗ https://reddit.com/r/swingtrading/comments/1u7dbbe/i_am_brand_new_to_swing_trading_please_give_me/
For context I do not trade, I invest and I have most of my portfolio in index funds however soon I want to be able to allocate a portion of my total portfolio to swing trading. As of right now I am only papertrading. The stock I have chosen is AVR. I found this stock by filtering with finviz with the following:
\- Average volume Over 2M
\- Relative Volume Under 1
\- SMA20 above SMA50
\- SMA50 above SMA200
\- Performance up 30% in the past quarter
\- ATR Under 5
Essentially I am hoping for a trend continuation breakout. Volume is also contracting as the range tightens. I am just waiting for smaller daily ranges. I will enter if price breaks out of the flat top and set a stop below the ascending trend line.