May 28, 2019
Welcome to AmiBrokerAcademy.com. Thanks for visiting the site.
G07 Great Eastern Holdings Stock Charting
Study Geat Eastern Holding Stock chart and MACD.
See chart, picture worth a thousand words.
Price action continues to go lower, from top left to the bottom. Price Action pullback and become sideways.
Trade with your eyes open.
Do you know why trade reversal? Because you want to know when to buy or when to take profit.
MACD indicator is a leading indicator for trading reversal. From the positive or negative MACD divergence, the indicator signals there is a weakness in strength for price action, but the price action continue to go higher or lower.
So when you see the divergence in MACD or MACD-H, be prepare to take action. But just like traffic signal, the red may not come even use see the traffic light. So, look out for confirmation signals before you show hand.
Trade carefully with eyes open.
Moses Stock Observation
AmiBrokerAcademy.com
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.