A new high.... when will we reach the summit?
One of the asset classes made a new high this last week. Will it keep on rising and making more profit, or will it fall down? Well, maybe all of the above, each in turn. How do I know what to do? I'll just exit if the price drops below the average price (moving average, MA) for the past twelve months (aka the green line). I've put a stop-loss order in place so that it will happen automatically. If the rate at which the price rises becomes increasingly exponential, then I shall use a shorter MA in order to get out at a higher price. The downside to doing that is the possibility of getting bumped out of my investment prematurely.... Which asset class am I talking about? Find out in this weeks short video below!