June 28 2022
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
If There is Only One Chart This is It
Morgan Stanley’s Big Bear Sees Temporary Respite From Selloff, how this affecting Asia market. such as Singapore. Let’s study a few Singapore bank stocks.
Moses Power Stock Chart.
We Believe – Buy Support or Sell Resistance.
1) S&P 500 Index and MACD
The S&P 500 is in a bear market after falling 20% from its January peak and is on course for its worst first half since 1970.
Price Action reflect the market emotions, it factor in news, buy or sell emotions.
Moving Average is a great visual aid. And MACD is a great and easy to understand indicator. When MACD Divergence happen, there is a possibility that the price action may change from original direction. So, a pullback is always possible. But, remember, you don’t stop at every traffic light. Therefore, the pullback may not really happen.
Now the price pullback and resisted by the lower trendline. Can the price action continue to go higher to the upper trendline. Will see. 4200 will be a major level to watch. Can the price action breakout higher than 4200 level, will see!
If you are a buy and hold strategist, Will you sell now or buy now? Remember only buy near support, and sell near resistance. Wait for the price action draw near either resistance or support before action.
Think Think got more Things
In trading, some predict the up or down on the trend. Here, we look for support, strong support to buy. Or take profit when price action test the resistance.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is meant to be used for learning buy or sell signals. We do not recommend for any particular stocks. If particular stocks of such are mentioned, they are meant as a demonstration of Amibroker as a powerful charting software. Amibroker is a charting software, it can program to scan the stocks for buy and sell signals. Or backtest for any trading strategy or technique.
We post script generated signals. Not all scan results are shown here depending on selection criterial. 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.
We learn from many past and present great traders. Kudo to these master.