June 18, 2017
Never Jump! Professional trade on retracement.
What if you thought you miss and you jump in. You will not be able to sleep for a few days.
Amazon.com and Support Resistance
You can buy anything in Amazon. Amazon does not just sell books.
Picture worth a thousand words.
In May 30, the price hit one thousand dollars. However, the price action quickly pullback and broke two months resistance; high. The price action low touch the May low. What a market emotion. Now the price jump back the May high again, $1000. The price is now ranging. True or true? Will see.
June 16, 2017 Amazon.com and Support Resistance
Risk
If you can wait, remember professional likes to wait for retracement. This will minimize the risk, as your stop loss will be smaller. So, picture worth a thousand words. In this case study, if you wait for pullback, you will have a big gain; you can enjoy a one month move in a few days. Waw!
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.