28 April, 2018
Listen
“Listen” to what the chart has to say, so shut up.
US Stock Chart Analysis
QQQ Powershares QQQ Trust Series 1 and Channel
Picture worth a thousand words, study the following Powershares QQQ Trust Series 1 using channel. Channel basically is a set of trendline, the line connecting the low, or the high. We see the channel moving from bottom left to top right, bullish trend.
Besides that to understand the trend better, we use the month support resistance, or month high low, we can see the price action may be reversing. As the resistance get lower. So, if the price action breakout below the green lines, QQQ must be quite bearish.
Manage your risk!
QQQ Powershares QQQ Trust Series 1 and MACD
If we will study the QQQ chart with MACD indicator, we see a divergence. It also signals a possible trend change. Manage your risk.
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.