May 25, 2019
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Five days ago, Google’s Android system start to cut ties with Huawei.
If this can happen to Huawei, this may happen to any company. So, do not be too happy to think they are safe.
Google’s Android may just a start, any other systems can also be the next candidate. Will see.
^DJI Dow Jones Industrial Average Index Stock Charting
Study Dow Jones Index.
See chart, picture worth a thousand words.
We saw price action of Amazon at end last year goes lower and MACD-H goes higher, so the price action has followed MACD indication to reverse. See our last posting. But early May US and China trade dispute has escalated again. See our following posting on Dow Index.
Price Action has been sent further south with the change of Google and Huawi tie.
If price action really follow H M Gartley pattern, the price action may test below 25,000 level.
Trade with your eyes open.
Moses Stock Observation
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.