26 May 2020
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JWN Nordstrom Inc Stock Charting
Study Nordstrom Inc Stock Charting and Price Action and River.
Picture worth a thousand words. See chart.
Trade with eyes open. Mange your risk.
Price Action
Price Action moves in zigzag manner.
Support Resistance or Trendline
Buy Support Sell Resistance.
Wave Direction
GMMA and Woodies CCI
Slow MA slopping down, long term wise is bearish. Fast MA is below Slow MA, generally the trend is bearish.
Price Action is below Fast MA, after April the price action begin to cross up Fast MA (green) and finally, it is still below Fast MA. So, energy is building up to try to break up to become reversal.
Moses Stock Observation
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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.