March 21, 2019
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^AORD All Ordinaries Index Stock Charting
Study
All Ordinaries Index Stock chart.
See chart, picture worth a thousand words.
Draw a line below support, see chart. You could find a support runs for eight (8) months. Wow! Strong Support, very very strong support.
Thereafter, the price action just can come near support again. See carefully, it is a Bull ABCD pattern. Price action send to the peak.
Price action finally come back down, and breakout below support. The breakout is strong too, see chart.
Price action rebounce after the low, the bull is strong too. See chart.
Trade with your eyes open.
Moses Stock Observation
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.