16 January 2021
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FTCH | Fartech and Boxes
Picture worth a thousand words, see chart. Study Fartech Limited and Boxes.
November month is the most volatile month, after the energy building up since May. December the price action begin to slow down.
Price Action can not breakout any higher in January this year.
Now if the price action really pulling back, see the level drawn where the price action may get supported.
Manage your risk.
Study the price action using MACD indicator, see the chart that follow.
Have fun!
FTCH | Fartech and MACD Indicator
Price Action continues to go higher, MACD-H begin to show divergence. However, price action continues to go higher. Next MACD begin to show divergence. And MACD Histogram starts to go below zeroline.
Price Action begin to pullback. Trade with eyes open.
Have fun!
Moses Free Stock 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.