Welcome to AmiBrokerAcademy.com.
The website uses powerful charting software, AmiBroker charting software to chart.
Spend time to understand the chart. Do not let other things interrupt your analysis.
Moving Averages
Moving average is a powerful visual tool. Price action bounced above the MAs, the trend is bullish. Price action bounced below MAs, the trend is bearish.
Wave and River
If Moving Average is a great tool, and its variation such as putting low, close, high of a moving averages when come together you will see a wonderful effect, ‘River’. Raghee Horner uses 34 EMA, and she called it wave. She first started publicly sharing the “Wave” back in 1997.
So, what is the trend now? See for yourself.
Yahoo! Inc Stock Analysis
Yahoo! Inc Stock Price has been below river or wave since May 2015, and keep bounced below River; bearish. You will gain, if you sell high; wait for the price to retrace near the moving average, in our case River.
However, the price action has crossed River in October, and get supported by the River.
Picture worth a thousand words; what have you seen from the chart. There are number of options to go.
October 16, 2015 Yahoo! Inc
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Moses
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