November 6, 2017
XLP Consumer Staples Selector Sector Index and Channel
Picture worth a thousand words, see chart. Channel slopping up from bottom left to top right, bullish trend.
November 3, 2017 Consumer Staples Select Sector Index and Channel
XLP Consumer Staples Selector Sector Index and ABCD
Picture worth a thousand words, see chart. ABCD pattern, Gartley ABCD pattern.
When time is right, buy. We see a Gartley ABCD buy pattern.
November 3, 2017 Consumer Staples Select Sector and ABCD Pattern
Moses
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.
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