9 January, 2020
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^SOX PHLX Semiconductor Index Price Action Charting
Study PHLX Semiconductor Index stock chart and year high low.
Look left and think right. Manage your expectation.
See chart, picture worth a thousand words.
Compare the last three years year high low. You notice, the price action is volatile last year. It is two times the high of the last two years.
Why?
Can the price action continue to go higher? Will see. We may study the price action using other indicators.
Trade with your eyes open.
You can see H M Gartley ABCD pattern.
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.