June 26 2022
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
If There is Only One Chart This is It
Moses Power Stock Chart.
We Believe – Buy Support or Sell Resistance.
1) PropNex Limited and MACD Divergence
Price Action reflect the market emotions, it factor in news, buy or sell emotions.
Connect the high and draw a trendline, copy and paste the trendline to the low of price action, this forms the equal distance channel. Price Action is bounce within the two trendlines, within the EDC.
So, price action is resisted by the upper trendline, or supported by the lower trendline. Buy when price action is near the lower trendline, or sell when the price action is near the upper trendline. But, whatever it is, wait for the clear confirmation before taking any action.
From the Channel, we can see the price action is continued to be lower. Bear trend.
If you are a buy and hold strategist, Will you sell now or buy now? Remember only buy near support, and sell near resistance. Wait for the price action draw near either resistance or support before action.
Think Think got more Things
In trading, some predict the up or down on the trend. Here, we look for support, strong support to buy. Or take profit when price action test the resistance.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is meant to be used for learning buy or sell signals. We do not recommend for any particular stocks. If particular stocks of such are mentioned, they are meant as a demonstration of Amibroker as a powerful charting software. Amibroker is a charting software, it can program to scan the stocks for buy and sell signals. Or backtest for any trading strategy or technique.
We post script generated signals. Not all scan results are shown here depending on selection criterial. 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.
We learn from many past and present great traders. Kudo to these master.