May 4, 2019
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^XAX NYSE AMEX Composite Index Stock Charting
Study NYSE AMEX Composite Index stock chart and MACD.
See chart, picture worth a thousand words.
Price Action is on it sideways movement and breakout the support and goes lower. Price action test the low at 2200 level and return to test the support. Support turns resistance.
MACD indicator is a leading indicator, MACD has showed the positive divergence to signal a possible change in trend. If you have taken the hints and react you will be safe (if you have traded ^XAX). .
Trade with your eyes open.
Moses Stock Observation
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.