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My CCI based investment strategy - How does it work? A thread.
Objective: Identify stocks that are entering a phase of momentum on the upside and ride the stock until momentum weakens.1/n
Objective: Identify stocks that are entering a phase of momentum on the upside and ride the stock until momentum weakens.1/n
About CCI: CCI is a momentum-based oscillator and a value above 100 indicates the price is well above the historic average and a value below -100 indicates the price is well below the historic average. 2/n
Strategy: This strategy will enter a stock when CCI on the weekly timeframe is greater than 100 & is overbought & exit when CCI on the weekly timeframe is below -100 & is oversold. Does that sound straightforward? Yes, simple and straightforward strategies can make money 3/n
