May 1, 2019
Today is public holiday in Singapore. Here, the nation celebrate Labour Day today.
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Welcome to AmiBrokerAcademy.com. Thanks for visiting the site.
We interpreting the markets emotion, price action using patterns and indicators. Hope this make sense to you.
Have fun!
HON Honeywell International Inc Stock Charting
Study Honeywell International Inc stock chart and MACD.
See chart, picture worth a thousand words. +ve Positive MACD divergence.
Price Action goes from low to high, from high to lower. Thereafter the price action rebounce and go higher than last high.
MACD is a very good leading indicator. But how to use it? When you see price action goes lower, check MACD indicator. When you spot MACD or MACD-H forms higher low, be aware the price trend might be changing.
But all setup can fail. So, find other support means. Such as candlestick is a good source to spot bull trend.
Keep this in mind, and trade with your eyes open.
Change In Trend
Moses Stock Observation
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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.