11 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We will use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze price action. We also analyze crypto currency price action. See our posting for Bitcoin and other popular cryptocurries.
What we do is to translate price action chart into layman language for you to understand, ie Picture worth a thousand words. You can learn this too. All analysis read the price action chart differently. It is just like an essay, all reader will have different conclusion.
Trade well.
1) FUTU | Futu Holdings 富途控股 and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. We see Tenkan Sen trending up from last December till February this year. In between, Tenkan cross below Kijun and rebounce. Bull trend has ended in February this year. Tenkan Sen begin to zigzag Kijun a few times, price action is in the cloud. Price Action goes sideways.
Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Besides that, Ichimoku is an indicator that gauges future price momentum and determine futures areas of support and resistance. Price Action seems to get support from the cloud.
Trade what you see. See a potential support.
Manage risk is a key in trading.
FUTU power a popular trading platform on iPhone, moomoo.
Moses Free Charting
2) Futu Holdings 富途控股 and Support Resistance
Price Action goes from low to high. You can see price action goes from bottom in last December to top in February. Next the price action is moving in sideways. See chart.
We use box to box month high low to find a key level. See chart. We have plotted two strong levels. Resistance turns Support. Can the support hold the price action? Will see.
Trade what you see. Manage your risk.
3) Futu Holdings 富途控股 and River
Moving Average is a great visual tool. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. Price action goes from below 34 EMA to above River, bull trend? Price Action finally zigzag along River, price action seems in sideways. Trade what you see.
Overall bull trend seems strong, price action above 200 MA and 200 MA slopping up.
Manage your risk.
4) Futu Holdings 富途控股 and GMMA and Woodies CCI
Price Action and Fast MA (green) goes from under Slow MA (red) to above. After February the price action and Fast MA (green) are zigzaging the Slow MA (red). Finally, Fast MA are like crossing Slow MA, Dead Cross. Dead Cross is in progress.
5) Futu Holdings 富途控股 and Bollinger Bands and Moving Averages
Price Action and moving averages:
FUTU, Futu Holdings 富途控股 price action has closed below its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND above long time (100) moving averages.
All three MA 20, 50 and 100 are above longer time (200 period) MA.
Bollinger Bands:
FUTU, Futu Holdings Limited 富途控股 price action has closed above bottom band.
Bollinger Bands are narrower than normal.
You may also sport a few ABCD patterns. See chart.
Manage your risk.
6) Futu Holdings 富途控股 and MACD
We see price action continues to go higher. 200 MA slopping up.
Don’t take MACD or MACD-H Divergence lightly. Don’t play play.
7) Futu Holdings 富途控股 and Dow Index Correlation
Moses Power Charting
Official AmiBrokerAcademy.com Charting
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.
We learn from many past and present great traders. Kudo to these master.