How to setup my charts on Webull?
When to buy? when to sell?
This information aimed at proving a very "simple setup" to know when to buy and when to sell. It is based on RSI ( Relative Strength Index) so you know when the ticker is oversold or overbought at a "certain time frame" while 5 Minutes is a typical metric for day traders, you can use it for a decent entry and exit.
I am using $Bionano Genomics
because it is a popular ticker these days and it is extremely overbought at the daily timeframe. that is not an advice to either buy nor sell. (at this stage im not holding any position in this one)
To do the setup, follow these steps:
1-Click on the menu and select indicators
2-Select RSI , VWAP , EMA , MACD
3-Click on the charts icon and select candle charts
4-navigate in different time frames , 1-10 minute, select 5 min for example and see the relationship of the price and the RSI chart down under
Always remember that in theory, the stock can be extremely overbought and continue to do that if no one sells. so while we use indicators, we can't predict how many people will buy and how many will sell.
Attached are the steps in images of how to setup your charts
Good luck everyone. I hope everyone will make a lot of money ✌✌✌✌
$$NIO Inc. $Apple $Amazon.com $Sorrento Thera $Jaguar Health $Facebook $Twitter $Remark Holdings $Moderna
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.