18 September, 2018
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^BKX NASDAQ Bank Index Charting
Buy Support Sell Resistance or Buy Low Sell High
Study chart of Bank Index price action. See price action from 2010, you can see ^BKX continues to form higher high and higher low.
Price action has breakout higher than 110 level. ^BKX nearly touch 120 level.
Trade with eyes open.
Manage your risk.
September 18, 2018 NASDAQ Bank Index Buy Hold Strategy
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
If you are H M Gartley fan, you can spot ABCD pattern. See chart. Add MACD indicator, you could see MACD signal and price action. Trade with eyes open.
September 18, 2018 NASDAQ Bank Index and MACD
Moses US Stock Chart Analysis
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.