20 March 2020
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A glance at a chart with Moses.
MMM 3m Company Stock Charting
Study 3M Company stock chart and price action and River and Bollinger Bands.
Look left and think right. Manage your expectation.
See chart, picture worth a thousand words.
Price Action after test 260 dollars, the price action begin to pullback to test support. the price action has goes below 2015 and 2016 year low.
Moving Average is a great visual tool, see chart, 200 MA has gone from slopping up to flat. 34 Period Moving Averages has gone from slopping up to now slopping down.
34 MA is below 200 MA, bear trend.
Trade with eyes open. Mange your risk.
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.