12 December, 2018
Think think got more things.
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NFLX Netflix Inc Daily Chart
Buy Low Sell High
Equal to Buy Support Sell Resistance
We see price action closed higher and higher to the peak at 420 dollars. If we do a swing low from near 190 dollars to high of 420 dollars. We see the price action first supported at 61%, but the down movement was so strong. The price action breakout below 61%. Can the price action supported by 78%? Will see.
If you study the chart again, you will notice that the strong level was actually the 50% mark of this Fibonacci Retracement. So, don’t play play, each of these Fibo level carry a certain weight in it.
Trade with your eyes open.
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Now, if we will do a swing high to low, from 420 dollars to 310 dollars, you will see the price action pullback and resisted by 61% before moving south. The price action then breakout below the low at 310 dollars and supported at 127% before breakout. 161% is the next target to hit. Will see.
Reference to the river, you can see the down swing momentum will continue. Trade with your eyes open.
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.