6 October 2019
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MED Medifast Inc Stock Charting
Study Medifast Inc stock price and GMMA and Woodies CCI.
See chart, picture worth a thousand words.
Look left and think right. Find the price action is near resistance or support. Buy support and sell resistance.
We add moving average such as GMMA, Guppy Multiple Moving Average to find the price action trend. Besides that we could also add Woodies CCI to find short-term trade.
From price action you could find price action after hit the high and fail, the price drop to the bottom and retest bottom again. Now the price action stay bottom.
From GMMA, we see price action goes from above slow MA and close below, and stay below.
Trade with your eyes open.
Moses Stock Observation
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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.