October 21, 2017
GS Goldman Sachs Group Charting
Price did not breakout higher than 255, and fail. The share price test 210, the price get supported. In our last analysis, we saw the price action supported by 238. We were wondering can the support hold the price action. Yes, the price action bounce up, and retest 245. Let see next, can the price continue the momentum and breakout higher than 245. Will see.
Cup and Handle
Can this be a cup and handle pattern? A very small handle for a big cup. Will see.
Remember all setup can fail.
October 20, 2017 Goldman Sachs Group and Support Resistance
Last analysis, we see the support resistance, we question can the support hold the fall. Yes, the price action hold by the floor, support. The price did not fall through 238. Well done.
October 13, 2017 Goldman Sachs and Support Resistance
GS Goldman Sachs Group and Support Resistance
As picture worth a thousand words, see chart for more.
Price tried to breakout higher than 255, but fail. The share price test 210, the price get supported. Now the price get supported by 238. Can the support hold? Will see.
GS Goldman Sachs Group and MACD Signals
Picture worth a thousand words, see chart for more.
October 20, 2017 Goldman Sachs Group and MACD Signals
Moses
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.
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