When the price range of the upper limit and the lower limit,
in which the prices move are so wide that the movement from the lower limit to
the upper limit shows the characteristics of a trend, we call it a weak
uptrend.
Here the prices are still moving within a band/range that is
why we cannot call it a strong uptrend.
When the market is exhibiting these characteristics, growth momentum
stocks do not participate. For growth momentum stocks to participate we should
have a strong uptrend.
No comments:
Post a Comment