3 April 2021
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546.SI | Medtecs International Corporation and River Charting
Study 20210401 Medtecs International Corporation and River Stock Charting.
Buy support and sell resistance.
Price Action close below River and get resisted.
Raghee is one of them uses three moving averages, high, low and close. River is a very great visual tool for trend observation. For an untrained mind, it is a very powerful tool.
Every one uses MA differently, Raghee called it wave, observe the wave direction. Finding where the wave pointing to, between the 2 to 4 o’clock the price action is likely sideways. When wave is pointing between twelve to 2 o’clock it is a bullish trend. As for wave pointing between four and six o’clock the trend is bearish.
Manage your trade risk.
Moses Free Stock Charting
Free Singapore Power Stock 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.