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New York Stock Exchange Composite Analysis
We are so excited that we found a great visual tool to help us identify the stock trend. Moving Average is a great tool for trend analysis. For shorter period such as 13 MA, 20 MA we sometime call them Fast MA. For longer period such as 100 MA, or 150 MA we sometime call them Slow MA.
Only until the mountain is completed, we can than confirm the low high.
We have completed the valley, so we confirm the recent low is lower than the last low.
We see the double top; price action has test and retest the same high.
With the Slow MA near horizon, and Fast MA crossed below 50 MA. There is a potential of reversal. To confirm that you must wait for the price to go below the lower low.
June 22, 2015 New York Stock Exchange Composite
You can read about other Singapore and US Stocks scan and analysis in this website.
Thanks for visiting the website.
Moses
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