May 19, 2019
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5JS Indofood Agri Resources Stock Charting
Study Indofood Agri Resources Stock chart and River.
See chart, picture worth a thousand words.
Moving Averages is a great visual tool for trend. See chart. Price action below 34 MA, and 34 MA below 200 MA, 34 and 200 MA slopping down. Bear trend.
After price action hit the bottom, retest the bottom again, price action has a bull ABCD pattern. Price Action close above 34 MA, 34 MA cross up 200 MA. Trend change.
Trade with your eyes open.
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.