February 26, 2018
Last week was a very exciting week as we have a new moon and solar eclipse the week before on the February 15.
Those whom study astro cycles will understand.
Wealth God (Source: Picture taken in Singapore food market)
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below. Thereafter slowly climb up, step by step.
US Stock Analysis
MSFT Microsoft Corporation and Fibonacci Retracement
Study chart for more, picture worth a thousand words. We would like to know how far the rebounce, or pullback can go. Draw a Fibo Retracement from High to Low. We see the price action resisted by 78.6% for the most of the time. Friday, the price action gap up, and close above 78.6%.
See chart, we see the bear was fighting very hard to bring the price back down to below 78.6%, but fail.
The bar, or price close above 78.6%, the price will be bullish next week. Will see.
Manage your risk!
20180223 Microsoft and Fibo Retracement Swing High to Low
Moses US 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.