$JSESBP - Sabvest: Watching The EMA Filter For Signals
See link below for the previous analysis of Sabvest.
Well, Sabvest has continued to trade lower since the last analysis.
Due to liquidity, the stock is not easy to analyze using Elliott Wave but a good filter for signals is using the 12/26 EMA on the daily chart.
This combination of EMAs lags price but this helps in delaying entries based on price alone.
Currently, the EMAs are showing downside momentum and without clear, key support levels, it's anyone's guess how much lower the stock can go.
I will sit on my hands on the EMAs to trigger.
Well, Sabvest has continued to trade lower since the last analysis.
Due to liquidity, the stock is not easy to analyze using Elliott Wave but a good filter for signals is using the 12/26 EMA on the daily chart.
This combination of EMAs lags price but this helps in delaying entries based on price alone.
Currently, the EMAs are showing downside momentum and without clear, key support levels, it's anyone's guess how much lower the stock can go.
I will sit on my hands on the EMAs to trigger.
