July 5, 2017
Six Months Stock Performance
Global Partners GLP and Its First Half of 2017 Stock Price Performance
Picture worth a thousand words.
We see the price action breakout THREE months resistance. It must be a strong strong resistance. The price reach the 100% performance and fail. The price action keep retest the resistance. Within a month the price jump 100% higher. See chart follow for details.
July 5, 2017 Global Partners 2017 First Half Stock Performance and Support Resistance
GLP Global Partners and Channels and MACD Signals
Connect the high or low, after copy the trendline and past on the other side. In other words, if copy the connection of low, then paste on the high.
If we take every six months as a group to analyse, we see the past six months was bullish, and the current six months (first half of 2017) was bearish. What an interesting view.
Do not get confuse by the breakout? Have fun!
July 5, 2017 Global Partners and MACD Signals and Channels
Risk
If you can wait, remember professional likes to wait for retracement. This will minimize the risk, as your stop loss will be smaller. So, picture worth a thousand words. In this case study, if you wait for pullback, you will have a handson gain; you can enjoy a big move in short time. Waw!
Professional Try Not to Buy and Sell Higher!
Professional trade on retracement.
What if you thought you miss and you jump in. You may be ended up you can not sleep for a days. … As you might be buy high and expecting to sell higher.
Moses
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.