A great strategy for long term investment is to find a company that 1. everyone uses, 2. is not going out of business and 3. at a depressed price hitting a long term moving average on the weekly or monthly.. This company checks all 3 of my criteria.
I love buying here off the weekly 100MA and if it drops more I'll buy again at the monthly 50EMA. You can't predict the bottom but you can find nice entry points. Great long term buy and hold, either through long dated options or shares outright.
I love buying here off the weekly 100MA and if it drops more I'll buy again at the monthly 50EMA. You can't predict the bottom but you can find nice entry points. Great long term buy and hold, either through long dated options or shares outright.