May 3, 2019
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We interpreting the markets emotion, price action using patterns and indicators. Hope this make sense to you.
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ASA Gold and Precious Metals Stock Charting
Study ASA Gold and Precious Metals stock chart and River.
See chart, picture worth a thousand words.
Moving Average is a great visual tool, see 34 MA below 200 MA. When fast moving average below slow moving average, the trend is bear.
Price Action is below fast ma, 34 ma. Bear trend.
After the price action test the low, price action pullback and close up above 34 MA. But the rebounce fail. Price action retest the low again. After tested the low, and confirm the support is solid the price action continue to cross above 34 MA and stay above.
MA also has a golden cross.
Price action after test the resistance and the price action begin to fail.
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.