11 August 2020
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BAC Bank of America Corporation Weekly Stock Charting
Study Bank of America Corporation Weekly Stock Charting, Price Action and boxes.
Look back to 2016, or part of 2015.
Picture worth a thousand words. See chart.
Trade with eyes open. Mange your risk.
Boxes
We use box to box the high low of the quarter. Boxes help you to visual the stock price performance. When you find the boxes on the same level or same zone, you could easily understand that the level or zone is strong or stronger.
Price Action resisted in 2015, see chart the price action high. Resistance turns support. Price Action resistance turn support, the price action pullback in 2020 and test the level, support.
Price Action
Price Action moves in zigzag manner.
Support Resistance or Trendline
Buy Support Sell Resistance.
Weekly Chart – Longer Term Charting
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.