Welcome to AmiBrokerAcademy.com.
This website here uses powerful charting software AmiBroker for charting and analysis.
Picture Worth a Thousand Words
Many of the answer are in the additional lines and comments on the chart. See chart for more information.
Scenario 1: PCP Precision Castparts Corporation Stock Analysis with Moving Averages
Picture worth a thousand words. From chart, price action has jumped above MA. This is probably out of TA scope, the stock price jumped due a $37.2 billion deal, paying $235 per share to the company in cash (read link from www.wsj.com). Berkshire Hathaway acquires in PCP.
Read more on Warren Buffett Reveals How Precision Castparts Acquisition Unfolded
August 14, 2015 Precision Castparts Corporation PCP
Scenario 2: PCP Stock Analysis with River
River is a great visual tool for trading. River has been flowing down; downtrend. Price action has crossed below River and resisted by River; price action bounced off and below River.
Due the last week Warren Buffett’s action. The acquisition is expected to close by March and pending approval of shareholders and regulators.
August 14, 2015 Precision Castparts Corporation
Remember all setup can fail. So wait for market to show hand. You can buy or sell depending what the market info.
Thanks for visiting the website.
Moses
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