22 December, 2018
Think think got more things.
Thanks for visiting the site.
GM General Motor Company Daily Chart
We believe in Buy Low Sell High
in other words Buy Support Sell Resistance
Now, support resistance may not be horizontal line, it could be anything. Such as moving average or trendline.
Study chart, we see price action closed lower after high near 47 dollars. Price action moves in zigzaq manner and test near 35 dollars. The price action follow H M Gartley pattern to retest the high again. But it fall short of the 47 dollars. The price action only test the 45 dollars high.
If you add 34 period, high low and close Moving Average. You could easily see the price action after the high at 47 dollars, the price action begin to stay below MA band, river. Price action cross up MA band, and test the 45 dollars.
Since then, the price action drop below River, and stay below. Finally, the price action test the low below 31 dollars.
See chart, the price action pullback, but the price action can not go any higher than 39 dollars.
Trade with your eyes open.
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
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.