March 24, 2019
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AJX Great Ajax Crop Stock Charting
Study Great Ajax Corp Stock chart.
See chart, picture worth a thousand words.
Add 34 period and 200 period moving averages, see chart.
See price action first goes sideways then breakout below. See chart. From 200 MA, we can see the price action gradually slopping down, but it is still flat.
Price action can only do one of the three things. If the price is not goes up, it comes down, or otherwise goes sideways.
For this chart here, the price action first goes sideways then crashing down, Next rebounce after hit the bottom.
Remember, the value of the stock does not equal to the company. Stock price is the market perception of the value of the company.
Trade with your eyes open.
Moses Stock Observation
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.