Fall Through Support | AAPL Apple Inc Daily Chart | AmiBrokerAcademy.com

27 December, 2018

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Qualcomm asks the Chinese patent court to ban sales of the iPhone XS, iPhone XS Max, and iPhone XR in the region after winning the Apple Inc infringed on two Qualcomm software patents.

Earlier this week Chinese patent court ruled that Apple infringed on two of Qualcomm’s software patents.

AAPL Apple Inc Daily Chart

We believe in Buy Low Sell High 

in other words Buy Support Sell Resistance

Remember support resistance may not be necessary a horizontal line, it could be anything. Such as moving average or trendline.

Study Apple Inc chart, we see price action closed below 230 dollars, after try to test 240 dollars but fail. Price action moves in zigzaq manner downward and test below 150 dollars.

See chart, the price action first tested Resistance and fail, and now he price action falling through support zone and another support zone. Resistance is like ceiling and support is like floor. In this case, the price action fall through the previous floor.

Trade with your eyes open.

if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart. 

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.