13 March, 2019
Welcome to AmiBrokerAcademy.com. We provide US stock analysis for academy learning.
Think!
^BKX NASDAQ Bank Index Stock Charting
Study Bank Index stock chart.
Is bank index represent the country or global economy? May be not.
See chart, picture worth a thousand words.
See price action test the high near 118 level and retest again. Thereafter the price action begin to drift south. Hit the low near 80, after that the price action begin to rebounce.
We add 200 MA, see the price action was above 200 MA, after the high, the price action begin the cross below 200 MA. Finally, 200 MA serve as a resistance to resist the price action from going higher. Picture worth a thousand words, see chart.
Trade with your eyes open.
Moses Stock Observation
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.