April 24, 2017
While majority of the market even Apple is in the correction mode, but not for BABA.
Picture worth a thousand words, see chart for more.
BABA Alibaba Group Holding Chart and MACD Indicator
Picture worth a thousand words.
Alibaba Stock price has been on the raise since the turn of the year. If you look at the MACD indicator, you see the MACD signal got rejected; fail to cross down.
So, can the price continue to form higher high. Will see.
April 21, 2017 Alibaba Group Holding and MACD Indicator
Nothing is 100%!
Happy learning.
Moses Stock Analysis
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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