June 10, 2017
This is a good stock for long term traders! You will enjoy the ride. The price just keep forming higher high and higher low.
But, be sensible never try to buy high and sell higher high; risky.
Again we don’t like to pick the tops or bottoms!
AVGO Broadcom and Support Resistance
Picture worth a thousand words.
See the resistance turns support, uptrend. This is a network era, how a network work product not perform. But be sensible in your trading action and plan. Don’t buy high and expect to sell higher. Professional trade retracement, wait for the pullback.
June 9, 2017 Broadcom and Support Resistance
AVGO Broadcom and MACD Indicator
Picture worth a thousand words. Reading bar by bar. You can easily recognize that after the bullish close above last month resistance, the next bar is bearish one. It closes inside and one third of the bullish bar. The following bar is an inside bar, followed by a weak bull, then doji. The market emotion decides think the price is too high and decide the huge profit taking to sell down.
Now, the price has close below the last month high, but just a small bit. Wait one more day to determine further the market emotions.
June 9, 2017 Broadcom and MACD – Reading Bar by Bar
Caution! This site is not for you. It is not for every trader.
The analysis here is intended to be a tutorial only. We look at the chart from different views. We mainly study the popular stocks in US market and Singapore. Hope you can learn something. There is no right no wrong.
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.
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.