January 29, 2017
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Wheelock Properties Daily and MACD Indicator
We can spot clear leg 1, leg 2 in the early stage of the chart. Thereafter, the legs get blur.
We can not see significant MACD signal. Only notice the MACD cross down get rejected. The price action bounce off strongly thereafter.
So buy high and sell higher. Sure? Manage your risk rewards.
We prefer to trade retracement; to achieve the buy low sell high strategy. We will like to find entry when the price retrace down get supported again.
January 27, 2017 Wheelock Properties and MACD Indicator
M35 Wheelock Properties Daily and 34 EMA Wave
Let’s look at the chart using a different an approach, when we can see much clude from the MACD indicator.
Moving average is a great visual tool. Try the Raghee Horner strategy, by adding the high, low and close of same moving average.
Picture worth a thousand words, the wave confirm the distribution and ranging.
The price action finally burst out after accumulation.
January 27, 2017 Wheelock Properties and 34 EMA Wave
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.