April 25, 2017
^IXIC NASDAQ Composite Index and 34 EMA Wave
The index is bouncing off above 34 EMA Wave. The Wave has acted as the support to stop the index from breakout lower than the wave. The key observation is the index can not breakout higher since March.
ABCD Chart pattern. Picture worth a thousand words.
April 21, 2017 NASDAQ Composite and 34 EMA Wave
^IXIC NASDAQ Composite Index and Support and Resistance
Picture worth a thousand words, see how the index move last December.
April 21, 2017 NASDAQ Composite and SR
^IXIC NASDAQ Composite Index and MACD Indicator
What have you got from MACD indicator? There is divergence. So, …
April 21, 2017 NASDAQ and MACD Indictor
Moses Stock 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.