19 September, 2018
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^BVSP BOVESPA Index Charting
Buy Support Sell Resistance or Buy Low Sell High
Ibovespa is the index of about 60 stocks that are traded on the stock exchange Bovespa. BOVESPA: BOlsa de Valores do Estado de São PAulo.
Study chart of Indice Bovespa (Portuguese) price action. See price action from 2010, you can see ^BVSP goes bearish first before bullish again. See chart, picture worth a thousand words. Now Resistance turns support.
Price action has tested 88,000 level, price action pullback and test the low of 70,000. We could easily spot a Bull ABCD pattern.
Trade with eyes open.
Manage your risk.
September 18, 2018 Índice Bovespa From 2010
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
If you are H M Gartley fan, see there is ABCD pattern. We add MACD indicator, see chart.
September 18, 2018 Índice Bovespa and MACD
Moses US Stock Chart Analysis
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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.