29 October, 2018
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^BKX NASDAQ Bank Index Daily Charting
Buy Support Sell Resistance
Buy Low Sell High
Study chart of NASDAQ Bank Index Daily stock chart.
See chart, the price action move from the low of 74 level to the high below 118 level. Thereafter, the price action follow ABCD pattern to bring the price action to the low below to 94. See chart, picture worth a thousand words.
If you reference to moving averages, 200 period MA first slopping up, then begin to slop down. So, visually, you could find the trend from bullish to start to bearish.
Think think got more things.
Manage your risk.
October 26, 2018 NASDAQ Bank Index and River
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Moses US Stock Chart Analysis
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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.