7 September, 2018
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Alibaba Group Holding – Stock Code: BABA Charting
Buy Support Sell Resistance or Buy Low Sell High
Study chart of Alibaba Group Holdings stock price. Apply buy support and sell resistance strategy, see chart picture worth a thousand words, where is the support, where is the resistance.
Stock price breakout resistance and continue the bull trend. If you are about to take profit at resistance first before your buy, you will probably be very comfortable. As the price action return to the breakout point after twelve months. If you apply buy hold strategy, you will probably very sad, as all effort are back to the square one. So, always trade with eyes open.
Price action for this stock is very choppy.
Manage your risk.
September 5, 2018 Alibaba Group Holding Buy Support Sell Resistance
Alibaba Group Holding BABA Charting and MACD
If you add an indicator such as MACD, you will be warn as the MACD is below zeroline when the price action forming the bearish ABCD pattern. Trade with eyes open.
September 5, 2018 Alibaba Group Holding and MACD
Moses US Stock Chart 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.