March 8, 2018

What is Fibonacci Number? 

Recently, we have been using tool, Fibonacci Retracement and Extension quite a lot. So, what is Fibonacci number, that is a series of numbers in which each number is the sum of the two preceding numbers. The simplest is the series 1, 1, 2 (1+1), 3 (1+2), 5 (2+3), 8 (3+5), … , 34, 33, 89, 144, …

An Important Feature of Fibonacci Number is take any two numbers and divided by the previous number, for example 144/89 = 1.618 or any number divided by next number 34/89 = 0.618

 Powerful Chart Software – AmiBroker

The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below. Thereafter slowly climb up, step by step.

Singapore Stock Analysis

1D0 Kimly Charting Fibonacci Retracement Swing High to Low

Study chart using Fibonacci level, swing high to low. 

Manage your risk! 

March 6, 2018 Kimly and Fibo Retracement Swing High to Low

Moses Singapore Stock 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.