September 9, 2017
Lesson: Dead Cat Bounce
This week, we google some of our past study. We are amaze of what we have done so far. If you have been with us, you may have read the following posting, see chart – Nikkei 225. Enjoy learning. …
Remember, all setup can fail.
There is no right no wrong, and all set up can fail.
Here, we just want to show you some of the fail setup.
Risk of Catching a Falling Knife
The price action bounced after the low, a possible dead cat bounce. But the setup fail to get support at the last low. The price action went lower. Of course the price still like dead cat bounce except the support had gone beyond; not strong enough the stop the falling.
There is always risk in catching falling knife.
Moses Stock Analysis
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.