19 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We do bench mark stock price action for two stocks. The following example, we benchmark two semiconductor companies, Alpha and Omega Semiconductor and chip design and marketing company, and TSMC, the world number one Semiconductor outsourcing company in Taiwan. Besides that we use other tools such as 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze chart. See our simple reading of price action.
We translate price action chart into layman language. This will help you in understand the financial instrument you are trading. We believe picture worth a thousand words. So, sometimes we use less words. You can learn the price action interpretation too. Give it a tray. You may not have the same view points as us. Remember all analysis read price action chart differently. It is just like reading an essay, we will have different conclusion.
Trade well.
Trade what you see. Manage your risk.
1) Alpha and Omega Semiconductor and TSMC Correlation
We study price action we see AOS price action begin to go from low from bottom left to high and pullback. Price Action after test the peak and fail, price action begin to pullback. We see TSMC price action also like AOS goes from low to high, but in between, price action had “rest” on 100 MA and pullback to get support from 200 MA before return to go higher. Benchmark both AOS and TSMC, you can see AOS has turned from bull to bear, while TSMC continues to be bullish.
Trade what you see.
Bollinger Bands:
AOSL, Alpha and Omega Semiconductor Limited price action has closed below the lower band. This combined with the steep downtrend suggest that the downward trend in prices has a good chance of continuing. Bollinger Bands are narrower than normal.
Price Action and moving averages:
TSM, TSMC price action has closed below its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND below long time (100) moving averages.
All three 20, 50 and 100 MA are below longer time (200) moving average.
Remember, we just read what the chart said. Have fun!
Moses Power Charting
Official AmiBrokerAcademy.com Charting
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.
We learn from many past and present great traders. Kudo to these master.