September 18, 2017
We discussed Support Resistance and MACD. Let study another consider as bread and butter for both novice and seasoned traders and investors, channel. Instead of using trendline, we copy and paste the trendline to the high or low of the price action.
BABA Alibaba Group Holding Weekly Chart and Channel
Picture worth a thousand words, see the analysis on the chart.
Channel
Channel can be formed in a wider context, such as rising, falling, or sideways. Channel forms reasonable support and resistance. These are easily identified by lows and highs in the channel formation.
Is Channel Tradeable?
What makes a channel tradeable is how well the support or resistance are formed by channel. Price action is trapped within channel till the setup fail.
You probably can easily find such as ABCD chart pattern within the channel, see chart for more.
Here’s an example of Alibaba Group Holding which we see number of formed channel. See chart for more, as picture worth a thousand words.
September 15, 2017 Alibaba Group Holding Weekly and Channel
Thanks for visit the site here. You could also find free MACD scan here in this site too.
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.