20 September, 2018
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UVV Universal Corporation Charting
Buy Support Sell Resistance or Buy Low Sell High
Study chart of Universal Corporation price action. See price action from 2009, you can see UVV goes to high 56 0f 2008 and pullback. This time the price action did not return to the 2009 low at 26, but 36 instead. The price action rebounce, but 56 dollars seems to be a good and strong level for UVV. The stock price keeps returning to this level, 56. See chart, picture worth a thousand words.
Trade with eyes open.
Manage your risk.
September 18, 2018 Universal Corporation and Support Resistance
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Let study the chart from a different perspective, try connecting the low. See the price action keeps return to the trendline. See chart. picture worth a thousand words. Copy and paste the trendline to the peak, forms a channel. You can see the price action trapped within the two trendlines. Another way to apply the buy low sell high, you buy at lower channel and sell at the higher channel. You will probably okay, see chart.
Trade with eyes open. Manage your risk.
September 18, 2018 Universal Corporation and Channel
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.