14 February, 2020
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HLF Herbalife Nutrition Charting
Study Herbalife Nutrition stock chart price action and year high low.
See chart, picture worth a thousand words.
Manage your expectation.
Look back last six years and study price action on year high low.
Remember to trade what you see and not what you think.
Buy support and sell resistance.
Support Resistance may not be a horizontal line. It could be a trendline. What is trendline? Connecting the low or high, the straight line is called trendline. Trendline could slopping up or down.
Two parallel trendline is called channel. See chart. price action is supported or resisted by the trendline.
So, buy support and sell resistance, can also mean to buy at low channel or sell at upper channel.
Manage your risk.
Moses Stock Observation
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.