6 October 2019
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MTK Mitek Systems Inc Stock Charting
Study Mitek Systems Inc stock price and GMMA and Woodies CCI.
See chart, picture worth a thousand words.
Look left and think right. Find the price action is near resistance or support. Buy support and sell resistance.
We add moving average such as GMMA, Guppy Multiple MA to find the price action trend. We could also add Woodies CCI to find a short-term trade.
From price action you could find price action breakout the resistance and go bull. Price Action pullback and get supported by the past resistance. Price Action retest the support and again. Price action continue to get supported.
From GMMA, we see price goes from below slow MA to above, and stay below.
Trade with your 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.