10 October 2022
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Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
If There is Only One Chart. This is It!
The Moses Power Stock Chart.
Picture worth a thousand words. Trade what you see!
We Only Believe – Buy Support or Sell Resistance.
We did an analysis on Ethereum two days back.
Taiwan Semiconductor Manufacturing Company Taiwan Stock Price
TSMC stock. Price has gone from high to low. Things do not move in straight line. Especially, stock price is always move in zigzag.
Lenovo Group now not just making notebook and PC, they make earphone and speaker too.
Anyway there is too much uncertainty in the current market, with the war and super power struggle for more power and war. But, with new financial instrument, such as cryptocurrency, but the stocks, gold and crude oil continue to be on the spotlight.
We study the stock chart using GMMA, Woodies CCI, MACD, River, Ichimoku Cloud, Bollinger Bands and Moving Average, and wave patterns with the price action.
Moving Average is a great visual tool. MACD indicator is a easy to understand indicator. Support and Resistance is important and fundamental tool for buy sell.
When the price action continue to move higher but MACD is weaker, the price action may be change in direction. The opposite is true too, when price action is weaker, forming lower low but the MACD or MACD Histogram is forming higher low. Price action is also may be change in direction.
But remember indicator is like traffic light, it only provides you a heads-up for the possible upcoming change.
Manage your trade.
Just One Chart
1) Taiwan Semiconductor Manufacturing Company and Price Action Chart
Taiwan Semiconductor Manufacturing Company Price Action has goes from high to low, and price action. Price Action forms lower high, and lower low. Price Action breakout below the floor. Floor has turned become ceiling.
Price action is now approaching 400 Taiwan dollars. Will the rebounce become reversal? Will see.
Remember to buy support and sell resistance. Manage your risk.
2) Taiwan Semiconductor Manufacturing Company TSMC and Ichimoku Cloud
2330.TW drop from ceiling to floor. And reversal but fail to move higher. Price Action is currently goes lower. Will the price action continue to go lower? Manage your risk.
3) Taiwan Semiconductor Manufacturing Company and MACD
4) Taiwan Semiconductor Manufacturing Company and Bollinger Bands
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is meant to be used for learning buy or sell signals. We do not recommend for any particular stocks. If particular stocks of such are mentioned, they are meant as a demonstration of Amibroker as a powerful charting software. Amibroker is a charting software, it can program to scan the stocks for buy and sell signals. Or backtest for any trading strategy or technique.
We post script generated signals. Not all scan results are shown here depending on selection criterial. 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.
We learn from many past and present great traders. Kudo to these master.