December 29, 2014
Equal Distance Channel Sub-Channel
In April, I made a comparison on Microsoft and Apple Inc stock price performance. The analysis was checking the price action and equal distance channel since 2009. PA used to travel within an equal distance channel or sub-channels. The channel or sub-channel act as support and resistance. So, sell at resistance and buy at support.
But, but always remember all setup can fail.
When PA breakout from the equal distance channel or sub-channel, the PA will trap in another channel or sub-channel.
Chart worth a thousand words. See chart for more information.
MicroSoft and Apple Inc Monthly Chart from 2002
Read more related posts:
1) Moses’ US Stock Moses Analysis – MSFT and AAPL Comparison
2) US Stocks – MSFL and AAPL
Thanks for visiting the site, AmiBrokerAcademy.com.
Moses
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