December 13, 2019
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035720.KS Kakao Corp Stock Charting
Study Kakao Corp Stock chart and MACD.
See chart, picture worth a thousand words.
In our last analysis, the price action was in AB leg. After retest the same high, the price action pullback to complete the BC leg, followed a rebounce to make it CD leg. We see the CD leg in progress. Is the CD leg completed? Will see.
We could read the last Kakao Corp posting for reference.
Trade with your eyes open.
Moses Stock Observation
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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.