13 July 2020
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CSCO Cisco Systems Inc Stock Charting
Study Cisco Systems Inc Stock Charting and Price Action.
Picture worth a thousand words. See chart.
Trade with eyes open. Mange your risk.
Price Action
Price Action moves in zigzag manner.
Support Resistance or Trendline
Buy Support Sell Resistance.
River
Study the price action with River. River is made up of three 34 period moving averages, high, low and close 34 moving averages.
Start from the left of the chart (your left when you face the chart), price action cross up river and stay above. See the price action supported by River.
Pay attention on the river. See River, slanting up and price action stay above the river, ie bullish.
River turns down, and slops down. Price action begin to close below river and stay below.
One key thing to note, the price action always return to river to either get support or find resistance. It is lower risk, to trade when the price action is near the river.
Have fun!
Number of teachers teach River, one of them is Raghee Horner.
Moses Stock Observation
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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.