3 July 2022
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If There is Only One Chart This is It
Investors should reduce exposure to Chinese stocks listed in US, as market experts from Credit Swiss suggested, read the following for why, It’s ‘game over’ for U.S.-listed Chinese companies, global asset manager says. But what about cryptocurrency.
Remember, the opinions from the respective authors do not represent us. We read chart and try to understand what the price action suggest.
Moses Power Stock Chart.
We Believe – Buy Support or Sell Resistance.
1) FTX Token Crypto and Bollinger Bands
Price Action reflect the market emotions, it factor in news, buy or sell emotions.
When the market is bullish, how you trade you eventually still make money. When the market is sideways. You have to ride the way on buy the bull bias and sell when the bear kicks in.
With the current market uncertainty, many crypto supper power are liquidating to keep a float. Read some of the recent update on the rich man story. S’pore-based Three Arrows Capital fails to pay debts – now under liquidation due to insolvency.
Moving Average is a great visual tool. MACD indicator is a easy to understand indicator. Fundamental tool such as support and resistance is important for you study the high low. Bollinger Bands is an interesting indicator. The price action is trapped with the Bollinger Bands, Bollinger Bands is like rubber band. It is either expand or narrow.
For FTX Token, the price action is now above 24 dollars. Will the price action deep below? Will see.
Manage your risk.
FTX is a Bahamian cryptocurrency exchange.
If you are a buy and hold strategist, Will you sell now or buy now? Remember only buy near support, and sell near resistance. Wait for the price action draw near either resistance or support before action.
Think Think got more Things
In trading, some predict the up or down on the trend. Here, we look for support, strong support to buy. Or take profit when price action test the resistance.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is meant to be used for learning buy or sell signals. We do not recommend for any particular stocks. If particular stocks of such are mentioned, they are meant as a demonstration of Amibroker as a powerful charting software. Amibroker is a charting software, it can program to scan the stocks for buy and sell signals. Or backtest for any trading strategy or technique.
We post script generated signals. Not all scan results are shown here depending on selection criterial. 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.
We learn from many past and present great traders. Kudo to these master.