8 August, 2018
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IBM International Business Machines Corporation Charting and Pattern
See posting, picture worth a thousand words. We find inverted head and shoulders pattern. Manage your risk.
20180806 IBM International Business Machinese Corporation and Patterns
IBM International Business Machines Corporation Charting and More Patterns
Picture worth a thousand words, see chart more patterns. Price action went from the above 120 in 2010 to 210 the high of 2013. The price action after the three try to breakout higher but fail. The price action continue to form bearish 1234 pattern. Finally, the price action went all the way to below 120. From a cycle view point, looks like six years was a cycle, from 2010 to 2016. If we time from 2016, and six years is cycle number, at 2022 the year the price may back to 120. This is just thinking of loud. Trade with eyes open.
Manage your risk.
20180806 IBM International Business Machinese Corporation and Patterns
Moses US Stock Chart Analysis
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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.