September 20, 2017
Support Resistance
Support Resistance is the most basic technical analysis tool to identify buy or sell level. When the price action weaken at the floor; support, the price will fall through the floor. When the price action get supported by the floor, the price will bounce up. The other way is true for the resistance, when the price action is strong and breakout the ceiling, resistance, the price will continue to move higher.
AVGO Broadcom Limited Stock Price and Support Resistance
Picture worth a thousand words, see chart for more.
The price action is topping at 260 dollars. The stock price is resisted and supported at $225. Stock chart shows Broadcom since 2010.
September 18, 2017 Broadcom and Support Resistance Data Since 2010
AVGO Broadcom Limited Stock Price and Support Resistance
Picture worth a thousand words, see chart for more. Stock price retest 240 dollars as support for many times.
September 18, 2017 Broadcom and Support Resistance
September 18, 2017 Broadcom and MACD Signals
AVGO Broadcom Limited Stock Price and MACD
The last posting on Broadcom, see the link for more.
AVGO Broadcom Stock Analysis and MACD | AmiBrokerAcademy.com
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.
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.