June 18, 2017
Never Jump! Professional trade on retracement.
Alibaba Group Holding and Gap Up
Believe the next result will be better. If everyone is watching their waistline, and worry the harvest for food tomorrow. Can the spending be easier than yesterday? You bet.
Picture worth a thousand words.
Let’s wait for the great retracement before jump in again. Professional buy low and sell high. How they do it, the professional wait for retraccement, a great retracement near support, or major level. Have fun!
June 16, 2017 Alibaba Group Holding and Gap
BABA and Channel
Picture worth a thousand words, connect the low and copy and past the line on the peak of the price action. This form a parallel channel, equal distant channel. Channel is another great visual tool for trend direction. If you see the channel is slopping up, it is uptrend. The other direction will be down trend. You can use channel to estimate the profit taking.
It is very bullish, when it is a narrow channel. Now the price action broke out of ED, and test the channel as support. Can the price action be supported? Will see.
June 16, 2017 Alibaba Group Holding and Channels
Risk
If you can wait, remember professional likes to wait for retracement. This will minimize the risk, as your stop loss will be smaller. So, picture worth a thousand words. Let wait for price action to retrace to a good support level, such as resistance turns support. This will help minimize the risk.
Moses
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.