January 31, 2020
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FIVE Five Below Inc Charting
Study Five Below Inc stock chart price action and River.
See chart, picture worth a thousand words.
Manage your expectation.
Moving Average is a great visual aid. Add 34 period, high, low and close moving average. We see a band, called it River. Price Action crossing up and down of the river.
River also crossing up and down slow MA, 200 MA.
Finally, River goes below 200 MA. Bear trend.
Remember to trade what you see and not what you think.
Manage your risk.
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.