March 21, 2019
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^BVSP Sao Paolo IBOVESPA Index Stock Charting
Study Sao Paolo IBOVESPA Index Stock chart.
See chart, picture worth a thousand words.
Draw a line above the month high, and see the price action breakout four months month high, resistance. Strong breakout.
Next, you see the bull continue to run up, again breakout another five months high, resistance. You can imagine, a very very strong bull. Watch out.
Trade with your 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.