September 30, 2017
We like to illustrate support resistance using Samsung Electronics Co, 005930.KS as an example. Enjoy the learning here.
005930.KS Samsung Electronics Co and Support Resistance
See chart to find the Samsung Electronics Co stock price support resistance. We reference to year high year low as the turning point. We can find a few major support resistance for this stock. The following chart have data for nearly seventeen years that is from year 2001.
No Right No Wrong
There are many way to draw support resistance, in this example here, we use year high year low instead of each turning point. Remember in trading there is no right no wrong.
September 29, 2017 Samsung Electronics and Support Resistance
Another View of Samsung Electronics Co 005930.KS and Support Resistance
To illustrate the point, this is a charting drawn support resistance not reference year high year low. See chart for more, picture worth a thousand words.
September 29, 2017 Samsung Electronics and Support Resistance
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.