8 November, 2019
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EFC Ellington Financial LLC Stock Stock Charting
Study Ellington Financial LLC stock chart and GMMA and Woodies CCI.
Look left and think right. Manage your expectation. We look back as far as to last June, when US declare the trade war with China.
See chart, picture worth a thousand words.
Price Action test above 16 dollars and fail. Price Action begin to drift south to test the low below 15 dollars. Price Action rebounce cross above resistance. Price Action test near 18.5 dollars. Price Action pullback to test resistance again.
Add moving average, GMMA and Woodies CCI, to see the long term and short term trend.
Currently the Woodies CCI is above zeroline.
Trade with eyes open.
Moses Stock Observation
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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.