11 August 2021
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1) AMZN | Amazon.com Inc and River
Study Amzon.com Inc stock price action. We use moving averages, moving average is a good visual tool. Raghee uses 34 EMA, high, low and close moving averages to study the wave direction. We call the three MAs band as River. Besides study the wave direction, River we be used as support and resistance. River resist when price action below the River. River support when price action above the River. Bull trend, when the price action slopping up. Bear trend, when the price action slopping down.
See chart, we find the stock price finally supported by RIver. River is pointing between four and five o’clock.
Remember, we just read what the chart said. Have fun!
In our previous analysis, we see there is a potential bear ABCD pattern.
2) Amazon.com Inc and Ichimoku Cloud
Ichimoku Cloud is a great trending tool, price action is either above or below cloud. Following the trend, the tool can prevent you from trading in a wrong direction.
From the chart, price action was in and out of cloud to finally above the cloud.
Trade what you see. Mange your risk.
3) Amazon.com Inc and Price Action ABCD Pattern
Price Action after test the peak and pullback.
When you connect most of the peak, the resistance. You can see the resistance and support. Price Action is currently below the key level, see chart.
We like to buy support sell resistance whenever that is possible.
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.