27 June 2021
Welcome!
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We will use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD.
1) AA | Alcoa Corporation and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. We see the Tenkan Sen cross under Kijun Sen, a potential for price action goes lower, ie bear trend.
Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points.
Trade what you see.
Manage risk is a key in trading.
Moses Free Charting
2) Alcoa Corporation and Support Resistance
Price Action cross up from below to high, price action breakout above resistance. Remember to buy support and sell resistance.
We use box to box month high low to see the major level. See chart.
3) Alcoa Corporation and River
Moving Average is a great visual aid. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. When price action above 34 EMA and 34 EMA slopping up, bull trend.
Trend seems strong as River, (34 EMA) and 200 MA are wide apart. Both River and 200 MA are slopping up.
4) Alcoa Corporation and GMMA and Woodies CCI
Price Action close below Slow MA (red) and resisted by Slow MA. Can the price action breakout above Slow MA (red)? Will see.
5) Alcoa Corporation and Bollinger Bands and Moving Averages
Price Action and moving averages:
AA, Alcoa Corporation price action has closed below its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND above long time (100) moving averages.
All three 20, 50 and 100 MA are all above longer time (200) moving average.
Bollinger Bands:
AA, Alcoa Corporation price action has closed above bottom band.
Bollinger Bands are narrower than
6) Alcoa Corporation and MACD Divergence
We see a price action pulling higher, but the MACD forms lower high. MACD Divergence. If the price action follow the the MACD Divergence strategy, the price action will breakout below the support. Trade with what you see. Manage your risk.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
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.
We learn from many past and present great traders. Kudo to these master.