1 January, 2019
Today is the start of 2019, what’s your 2019 resolution? For me, trade with my eyes open and taking profit more timely.
Life has its ups and downs, stock chart is like life too. Currently for the example below, the price action is an ‘down’.
Think think got more things.
Thanks for visiting the site.
We did an analysis earlier using the Month high low, or support resistance to understand where about the price action. We see the price action is now closer to support.
CTN Breadtalk Group Charting
Study BreadTalk stock chart using month high low from 2017. See the price action in the last two years. We use box for the month high low, you can see the stock price on staging low to high and low again.
If you see where most of the month high low were, you may notice that the current price action is somewhat near the so called support region.
Trade with your eyes open.
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Study chart using moving average, add 34 period MA high low and close, and 200 MA. See 34 MA and 200 MA wide open. Trade with eyes open.
Moses Stock Chart Analysis
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.