21 June 2021
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^IXIC | NASDAQ Composite Index and Bollinger Bands and Moving Averages
Study NASDAQ Composite Index and Bollinger Bands and Moving Averages.
Bollinger Bands is a great visual tool, when price action is not extreme. The price action is enclose within the bands. When the band expands, its is volatile. When the band is narrow, the price action is calm, but the energy is building up. Watch out explosion.
Price action test, retest and test again the resistance. Watch out for the breakout.
Manage risk is a key in trading. Trade carefully.
Moses Free Charting
After four days, the price action did not breakout the resistance. The resistance, 14,200 level, the price action test, retest and test again. Can the price action breakout continue the bull trend? Will see.
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.