Ellipsiz BIX | Continue to Form Higher High | AmiBrokerAcademy.com

October 8, 2017

 

BIX Ellipsiz and Levels

See chart, picture worth a thousand words, the chart says it all. See the power of the support resistance. The price keep moving higher as compare the stock was near thirty six cents for a long time.  The share price was rally above sixty cents in mid March. And it took five months before the price action breakout above sixty five cents.

October 6, 2017 Ellipsiz and Levels

 

 

 

 

 

 

 

BIX Ellipsiz and MACD Divergence

See chart, picture worth a thousand words, the chart says it all. Price continue to form higher high, and MACD signals forming low high. But the price is not ready to cross below the trendline. So the price action is not ready to have a big pullback. Minus pullback is yes.

October 6, 2017 Ellipsiz and MACD Divergence

 

 

 

Ellipsiz and Gartley ABCD Pattern

Picture worth a thousand words, see chart, ABCD chart pattern.

 

October 6, 2017 Ellipsiz and Gartley ABCD Chart 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.

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.