Channel | BABA | Alibaba Group Holdings Charting | AmiBrokerAcademy.com

21 December, 2018

Think think got more things.

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BABA Alibaba Group Holdings  Daily Chart

We believe in Buy Low Sell High 

in other words Buy Support Sell Resistance

We see price action closed higher and higher in 2018 and it test and retest the high and hits the peak at 210 dollars. 

Thereafter, the price action begin to fail and drop down, move south fast. The price action hits the low at 130 dollars.

Channel, channel is a very powerful tool. Price action trapped within the channel. See chart, picture worth a thousand words.

Trade with your eyes open.

December 19, 2018 Alibaba Group Holdings and Channel

if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart. 

See chart on H M Gartley 222 pattern.

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.