Step By Step | AFSD | Aflac Incorporated 5.5% | Moses US Stock Analysis

October 25, 2016

 

AFSD Aflac Incorporated 5.5% Subord

Just pick this stock and start reading the chart. and ask yourself, should I buy or sell for this stock. Remember we discussed about training wheels earlier. Please begin to learn to read the chart.

Reading chart, is simple. What you see? We see the price hit the high and drop lower, bullback. We see the price rise from bottom left to top right, uptrend.

Reading chart always start from the left, and ending on the right.

Next, we read the bars, bar by bar. What have you get? Forget about the immediate bar (for now) when reading the weekly chart. The first bar close higher than the last bar. Bullish. The bar is able to close above a low of the bar. Bullish.

We find lower high and lower low, is a downtrend.

We see the lower low is lower than the last low on uptrend, ending the last trend and starting a new trend.

We have a conclusion, the price is in a reversal phase.

 

Add some other tools if you have some, such as wave. You find the wave is pointing to three o’clock. What’s Raghee advice on three o’clock entry.

Great job, we have done a step by step analysis. Remember there is no right, no wrong, and all setup can fail. Have fun!

 

24 October 2016 Alfac Incorporated 5.5% Subord Weekly

24 October 2016 Alfac Incorporated 5.5% Subord Weekly

 

 

 

Moses US Stock Desk

AmiBrokerAcademy.com 

Disclaimer: All information, data and material contained, presented, or provided on amibrokeracademy.com is for educational purposes only. It is not to be construed or intended as providing trading or legal advice. Decisions you make about your trading or investment are important to you and your family, therefore should be made in consultation with a competent financial advisor or professional. We are not financial advisor and do not claim to be. Any views expressed here-in are not necessarily those held by amibrokeracademy.com. You are responsible for your trade decision and wealth being.