October 27, 2019
All setup can fail!
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^DJT Dow Jones Transportation Average Index 道琼斯运输平均数 Stock Charting
Study Dow Jones Transportation Average Index 道琼斯运输平均数 stock chart and GMMA and Woodies CCI.
See chart, picture worth a thousand words.
Price Action after 11,500 level, start to drift sought. Price Action after test the low below 9,000 level. Price Action retrace back up to test the high near 11,000 level and begin to move sideways.
Price action is test between 11,000 and 9,500.
Add moving average, such as GMMA to find the price action trend. Slow MA compress.
Add Woodies CCI to find the short term trade entry. Now Woodies CCI is above zeroline.
Trade with your 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.