October 8, 2017
O10 Far East Orchard and Levels
See chart, picture worth a thousand words, the chart says it all. See the power of the support resistance. The price stay below $1.63 $1.64. So, after the double top, the price can not breakout higher than $1.71. In the way, those bought above $1.64 is being trapped; bull trap.
$1.46, $1.47 is a very strong level, the share price tested the level many times, several times in 2017.
October 6, 2017 Far East Orchard and Levels
Far East Orchard O10 and MACD Divergence
See chart, picture worth a thousand words, the chart says it all. After price continue to form higher high, and MACD signals forming low high, the price start to decline. The price action begin the decline since April. Read the chart, if you happen to use MACD indicator, you likely to spot the trend chance and confirmation.
October 6, 2017 Far East Orchard and MACD Divergence
O10 Far East Orchard and Gartley ABCD Pattern
Picture worth a thousand words, see chart, ABCD chart pattern.
October 6, 2017 Far East Orchard and ABCD Chart Pattern
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.