20 September, 2018
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^IXIC NASDAQ Composite Index Charting
Buy Support Sell Resistance or Buy Low Sell High
Study chart of NASDAQ Composite Index price action. See price action from 2016, you can see ^IXIC continue to form higher high. The price action tested the high of 8200. 2018 is a challenge, see the price action pullback to test the level of 6500 and retest again the 6500 again. It is lucky the test stop at 6800 before the price action return to test the high of 8200.
Trade with eyes open.
Manage your risk.
September 21, 2018 NASDAQ Composite Index and Bull Trend from 2016
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Let study the chart from a different perspective, zoom in and add MACD indicator. See chart, price action and MACD signal.
Trade with eyes open. Manage your risk.
September 21, 2018 NASDAQ Composite Index and MACD
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.