March 3, 2018
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them.
US Stock Analysis
^IXIC NASDAQ Composite Index had and PullBack
Study chart for more, picture worth a thousand words. We see the NASDAQ Index had completed phase 1 correction, followed on a rebounce. Now is another fall again, being on the second phase of the correction.
Looks like 7,500 will take sometime to revisit again.
Manage your risk!
20180301 NASDAQ Composite Index and Fibo Retracement Swing Low to High
NASDAQ Composite Index and Channel
Let’s study the chart using a different tool, see chart. We add a channel to the chart, the channel slopping from bottom left to top right, bullish trend.
See the recent price action, first the price action breakout the narrow channel, next the price action breakout below the narrow channel. Finally the price action drop back to the original narrow channel.
Manage your risk.
20180301 NASDAQ Composite Index and Fibo Retracement and Channel
Moses US Stock 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.