5 July, 2018

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Stock indices continue to show bearish patterns!

Just in case you did not notice stock indices continue to show bearish patterns! But this does not mean all stock will be bearish. See the example below, Apple Inc stock continue to form higher high and higher low. Trade with eyes open.

U.S. Stock Chart Analysis

^DJI Dow Jones Industrial Average Index Stock Charting 

Study the stock chart of Dow Jones Index, you see the price action continue to form higher high and higher low until January 2018. The next cycle starts; the price action start to form lower high and lower low.

You can add an indicator like stochastic oscillator and identify divergence. See chart.

Trade with eyes open and manage your risk.

July 3, 2018 Dow Jones Industrial Average Index and Half Year High Low

^DJI Dow Jones Industrial Average Index Stock Charting and Stochastic 

Picture worth a thousand words, see chart. 

July 3, 2018 Dow Jones Industrial Average Index and Stochastic

Moses US Stock Chart Analysis

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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.