17 February, 2020
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BAK Braskem SA Charting
See chart, picture worth a thousand words.
Study Braskem SA stock chart price action. See level, GMMA and Woodies CCI.
Manage your expectation.
Look back past twelve months and study price action with month high low.
Using box to box the month high low, see price action like walking down the stair.
Moving Average is a great visual tool to understand trend. Add GMMA to find the long term trend.
What you see? First flat, slightly up and great down.
Add Woodies CCI to find the shorter term entry. See char, woodies cci below zeroline.
Remember to trade what you see and not what you think.
When possible buy support and sell resistance.
Remember all setup can fail, and there is no right no wrong in trading.
Manage your risk. Trade wisely.
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.