Sideways | US Stock | JAG  Jagged Peak Energy Inc Daily  Charting | AmiBrokerAcademy.com

13 October, 2018

 

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JAG  Jagged Peak Energy Inc Daily  Charting

Buy Support Sell Resistance

Buy Low Sell High

Study chart of Jagged Peak Energy Inc Daily stock price and River. See chart, picture worth a thousand words. Reference to 200 period Moving Average, the price action is on a sideways trend. This is another way to see sideways in addition to box. Price action is zigzag over a 34 period moving averages, river. See clock, the wave direction on a shorter term.

From another view, you can see price action moves in ABCD pattern, see price from 16.5 to begin the AB leg, and complete the CD leg to 10.5. Next, you may also see another ABCD pattern in progress, an AB leg up and now in the CD leg.

Trade with eyes open.

Manage your risk.

October 12, 2018 Jagged Peak Energy Inc and River 34 EMA

if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart. 

 

 

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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.