9 April 2020
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Don’t Play Play Series
Top stories, don’t play play. Teach you how to fish.
AMZN Amazon.com Inc Stock Charting
Study Amazon.com Inc Charting and price action and GMMA and Woodies CCI.
Look left and think right. Manage your expectation.
See chart, picture worth a thousand words.
Don’t play play. Trade with eyes open. Mange your risk.
Don’t Play Play Lah Open Your Eyes
GMMA and Woodies CCI are very good signals to trading entry and strategy.
Woodies CCI provides a short-term entry view, and GMMA provides a longer-term perspective.
When Woodies CCI stay above zeroline, suggest you could buy up. And if price action also inline with the GMMA; fast MA stay above slow MA and open wide.
Next check the Slow MA, when it compress. Chances are price action might be sideways. So, be extra careful.
Price Action has dropped nearly six hundred dollars from 2,200 dollars to near 1,600 dollars in less than than two months in the start of 2020. Now price action has rebounce, to near 2000 dollars, a four hundred dollars recover.
From ABCD pattern, there is a possibility, price action will return to the last high. Trade with eyes open and not what you think. All set up can fail.
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.