February 22, 2018
US Stock Analysis
IBM International Business Machines and Fibonacci Retracement Swing Low to High and MA Band
See chart for more, the stock price retrace back down to pass 61.8% and punch through 78.6% then rebounce back.
If you reference to the river, MA band, the price action close down below river and resisted by river.
This week, we see the bearish candlesticks. Check H M Gartley pattern, check MACD for more clues.
Manage your risk.
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
February 21, 2018 International Business Machines and Fibo Retracement Swing Low to High and MA Band
IBM and H M Gartley Bearish ABCD Pattern
See chart for more, H M Gartley Bearish ABCD pattern. In this case, it will be a further correction. Worry the further correction. Manage your risk.
Can you do the MACD yourself? It will be quite straight forward, if not we will post it on the next analysis.
20180221 International Business Machines and Fibo Retracement Swing High to Low and Bearish ABCD
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.