November 27, 2018
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Moses Stock Analysis
S59 SIA Engineering Company Stock Charting
Buy low sell high, buy support sell resistance.
See chart, the price action of SIA Engineering Company stock chart.
Apply buy low sell high and buy hold strategy. The price action test at 4.20 dollars and pullback follows H M Gartley 222 pattern. If you look at the big picture, this is a large ABCD patttern. The price action test the low at 2.50 dollars. If you look at River, price action close below river, and stay below. Price Action continues to go lower, and reach low at 2.50 dollars.
Trade with eyes open, manage your risk.
Study from a different perspective, add MACD indicator.
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.