August 17, 2017
Bigger Gartley ABCD Pattern.
The boxes tell it all. See the pattern in the below chart.
Oll Oceaneering International Inc and Support Resistance
See chart for more, picture worth a thousand words.
If you zoom out, you probably see a very big ABCD pattern. But the discussion here is support resistance, see the chart. You will find the share price breakout below the level, support resistance and breakout above and then below a gain. Now the share price is being resisted. $26 is a important number. Can the price action breakout above and stay above $26. See chart.
August 15, 2017 Oceaneering International and Support Resistance
Oceaneering International Inc and Channel
Picture worth a thousand words. See chart for more.
Connecting the high, and draw a trendline. Copy and past the trendline to the low. These lines form a channel.
When channel slopping from top left to bottom right, bearish.
August 15, 2017 Oceaneering International and Channel
Oceaneering International Inc and MACD
MACD Histogram signals there might be a trend change. But may be not so near term. Besides that all setup may fail. So trade what you see.
August 15, 2017 Oceaneering International and MACD
Thanks for visit the site here. You could also find free MACD scan here in this site too.
Moses
AmiBrokerAcademy.com
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.