19 October 2016
Example using E5H to show how to analyse the stock chart in various ways.
E5H Golden Agri Resources and MACD
Support and resistance is always much easier to draw as compare to trend line. Support or resistance only need one turning, and trendline will need at least two turning points, either the high or low.
MACD is a great tool to signal the end or the trend. However, indicator is just like traffic light, the signal may continue. It is just like you don’t always has to stop in front of a traffic light.
18 October 2016 Golden Agri Resources and MACD Charting
E5H Golden Agri Resources and Wave
You have the advantage to trade using wave. You short when price below wave, and wave slopping down. This present a lower risk. But, you also see that the price will draw near the wave after it travel further way out. Learn to see the wave.
Add on the support and resistance gives you more understanding on where you stands in the wave. Add on ABCD chart pattern, gives you more clue on the risk exposure. Have fun!
18 October 2016 Golden Agri Resources and Wave
E5H Golden Agri Resources Weekly Chart Analysis
The week is still young, October 18 is only Tuesday. Three more days before the week is end. It is important to wait to the week close to conclude the week trend, bullish or bearish.
Weekly chart gives you a bigger picture on the price action.
October 18, 2016 E5H Golden Agri Resources Weekly Chart
Have fun!
Moses Stock Desk
AmiBrokerAcademy.com
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