12 January, 2020
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COG Cabot Oil & Gas Corporation Price Action Charting
Study Cabot Oil and Gas Corporation stock chart price action and year high low.
Look left and think right. Manage your expectation.
See chart, picture worth a thousand words.
Look back last three years price action using box boxing on year high low. See chart, the price action after two year test the same high, resistance and begin to go lower.
In other words, the price is difficult to go higher, as strong level, resistance.
Look deeper, we see strong support too. and price action breakout lower. We see a dead cat bounce pattern.
We see reversal fail, the price action retest the low again.
Trade with your eyes open.
Dead Cat Bounce and Reversal Fail??
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.