16 June, 2018
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U.S. Stock Chart Analysis
COMT iShares Commodities Select Strategy ETF Charting and Moving Average and Bollinger Bands
Picture worth a thousand words, see chart on iShares Commodities Select Strategy ETF stock price action. Manage your risk. We see the price action try to approach 41, and follow a zigzag fall. If you study carefully, the zigzag and moving average period 20 has good visual effect.
Uptrend ending, manage your risk, as all setup can fail.
Price Action and 20, 50 and 100 Period Moving Averages:
iShares Commodities Select Strategy ETF, ticket id: COMT has closed below its 20 period moving average.
20 period moving average is currently above 50 period moving average, both 20 and 50 period moving average are above 100 period moving average.
The 50 and 100 moving averages are slopping up.
Bollinger Bands:
COMT, iShares Commodities Select Strategy ETF has closed below the lower band; outside lower band. Price action has broken the lower band and a downside breakout is possible, most likely the scenario is to trend continue within current momentum.
June 15, 2018 iShares Commodities Select Strategy ETF and Moving Average and Bollinger Bands
Moses US Stock Chart 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.