28 November, 2019
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AVGO Broadcom Stock Charting
Study Broadcom stock chart and price action and strong level.
Look left and think right. Manage your expectation.
Price Action test the resistance and fail. Price action retest the resistance and breakout. Price Action pullback to get support from resistance turns support.
See chart, picture worth a thousand words.
We use boxes to identify the month high low. The larger boxes means big price action momentum. See the chart illustration, the particular month, the price action high low is greater than seventy dollars.
With boxes, it is also easy to identify the good level for resistance and support, see chart.
Trade with eyes open.
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.