28 June 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We will use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze the stock chart. See your reading of price action.
We read what the price action tell us, ie Picture worth a thousand words.
1) ABCB | Ameris Bancorp and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. In 2021, we see the Tenkan Sen cross below Kijun Sen, price action begin to pullback, ie bear trend. But, Tenkan Sen cross backup Kijun Sen shortly, so the bear trend reverse. But very quickly, the Tenkan goes below Kijun, and now Tenkan is below Kijun. Currently price action is very choppy.
Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. We would want to trade when the price action is clearly above or below cloud, otherwise let stand aside and wait. Wait for a clear picture, a clearer trend.
Trade what you see.
Manage risk is a key in trading.
Moses Free Charting
2) Ameris Bancorp and Support Resistance
Price Action goes from below to high, price action goes from bottom left to top right.
We use box to box two months high low to see the major level. See chart. 30 Dollars is a major level to watch. Price Action has tested 60 dollars and drift south.
Trade what you see. See the key levels. If the price action continue to move south, these are the level to monitor. Manage your risk.
3) Ameris Bancorp and River
Moving Average is a great visual tool. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. Price action is currently close below 34 EMA and 34 EMA slopping down, bear trend? Trade what you see.
Trend seems still remain strong although the River is begin to slop down, (34 EMA) and 200 MA are still apart. 200 MA is pointing up.
Manage your risk.
4) Ameris Bancorp and GMMA and Woodies CCI
Price Action down under of Fast MA (green and below Slow MA (red) too. Price Action is resisted by both Fast (green) and Slow (red) MA. Can the price action breakout above both MA? Will see. Trade with eyes open.
5) Ameris Bancorp and Bollinger Bands and Moving Averages
Price Action and moving averages:
ABCB Ameris Bancorp price action has closed below its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND above long time (100) moving averages.
All three 20, 50 and 100 MA are above longer time (200 period) moving average.
Bollinger Bands:
ABCB, Ameris Bancorp price action has closed above bottom band.
Bollinger Bands are narrower than normal.
Bollinger Bands drop and moves from left bottom to top right. Hitting the ceiling.
6) Ameris Bancorp and MACD Divergence
We see price action goes higher, but the MACD forms lower high. MACD Divergence. If the price action follow the the MACD Divergence plot, the price action will breakout below the support. There are three possible levels to hold the fall. Trade with what you see. Manage your risk.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
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.
We learn from many past and present great traders. Kudo to these master.