September 14, 2019
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E28 Frencken Group Stock Chart
Study Frenchen Group Stock and GMMA and pattern.
Look left and think right. Be careful what you ask for!
See chart, picture worth a thousand words.
Price action from bottom to top and low. Price Action bounce up to test the high again. see chart.
Add moving average, such as GMMA.
Can you see familiar pattern? See cup and handle pattern.
Trade with eyes open.
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.