27 December, 2018
Think think got more things.
Thanks for visiting the site.
TSLA Tesla Inc Daily Chart
We believe in Buy Low Sell High
in other words Buy Support Sell Resistance
Before you can buy support and sell resistance you must know how to draw support resistance. Had you experience that each time you look at the chart, you have a tendency to shift the support resistance line. That is because you change your mind of the original support resistance.
One way to will knot change your drawn support resistance, that is reference to the month high low. See Tesla Inc stock chart as an example. If you use the high of the month high as resistance. And reference a level where many month high or low is landed to be your support. It is likely you would not change the support resistance.
Study TSLA chart, we see price action test and retest, and test again of the same month high. See chart. The level near 390 dollars. You can be sure that the level is a strong level, a very strong level. As for three months, the high stop somewhere there.
The next strong level, is 350 dollars. You could see many month low stop somewhere there. Now reference to these two level, you know the price will be trapped between them. When the price action breakout from these two levels. You know the price action will begin to move away. It will move away fast and far when the price action stop by these levels more time.
Trade with your eyes open.
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Moses US Stock Chart 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.