3 November, 2018
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TSM Taiwan Semiconductor Manufacturing Company and ^IXIC NASDAQ Composite Index Correlation Charting
Study correlation of Taiwan Semiconductor Manufacturing Company and NASDAQ Composite Index Correlation stock chart. Study the chart from 2010.
See chart, the price action from low to high for TSMC just like NASDAQ Index. The key here is to study their price action correlation. See chart, year 2015 and 2018, see the highlighted areas.
If you are observing enough, you will find the price action move in the opposite direction of those highlighted areas.
Remember trade with eyes open.
Think think got more things.
Manage your risk.
November 1, 2018 Taiwan Semiconductor Manufacturing Company and NASDAQ Composite Index Correlationa
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.