14 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We will use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze price action. We also analyze crypto currency price action. See our posting for Bitcoin and other popular cryptocurries.
What we do is to translate price action chart into layman language for you to understand, ie Picture worth a thousand words. You can learn this too. All analysis read the price action chart differently. It is just like an essay, all reader will have different conclusion.
Trade well.
1) 2354.TW | Foxconn Technology Co Ltd 富士康 and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. We see Tenkan Sen and Kijun Sen from twist to trending up from January this year. But this do not last very long, after March, the price action begin to fail. Tenkan cross below Kijun and and twist. Price Action is now stay within clound
Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Besides that, Ichimoku is an indicator that gauges future price momentum and determine futures areas of support and resistance. Price Action seems to stay inside the cloud, sideways.
Trade what you see. See a potential support.
Manage risk is a key in trading.
Moses Free Charting
2) Foxconn Technology Co Ltd 富士康 and Support Resistance
Price Action goes from low to high. You can see price action goes from bottom in last December to top in January. Price Action retest the same high a few times. Price Action breakout below support.
We use box to box month high low to find a key level. See chart. We have plotted two strong levels. We also find that January is the most volatile month, see the box size.
Trade what you see. Manage your risk.
3) Foxconn Technology Co Ltd 富士康 and River
Moving Average is a great visual tool. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. Price action goes from below 34 EMA to above River, bull trend? Price Action fail and go south and test the resistance turns support.
Overall bull trend still remain, as 200 MA continues to slop up. Trade with eyes open.
Manage your risk.
4) Foxconn Technology Co Ltd 富士康 and GMMA and Woodies CCI
Price Action and Fast MA (green) goes from under Slow MA (red) to above and below again. After February the price action and Fast MA (green) are slopping down. Finally, Fast MA are like crossing Slow MA, Dead Cross. Golden Cross is in progress.
Trade with eyes open.
5) Foxconn Technology Co Ltd 富士康 and Bollinger Bands and Moving Averages
Price Action and moving averages:
2354.TW, Foxconn Technology Co., Ltd 富士康price action has closed below its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND below long time (100) moving averages.
All three MA, 20, 50 and 100 MA are above 200 MA.
Bollinger Bands:
2354.TW, Foxconn Technology Co., Ltd 富士康 price action has closed above bottom band.
Bollinger Bands are narrower than normal.
You may also sport a few ABCD patterns. See chart.
Manage your risk.
6) Foxconn Technology Co Ltd 富士康 and MACD
We see price action continues to go lower to high. 200 MA slopping up.
Don’t take MACD or MACD-H Divergence lightly. Don’t play play.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
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.
We learn from many past and present great traders. Kudo to these master.