20 October, 2018
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AXP American Express Company Daily Charting
Buy Support Sell Resistance
Buy Low Sell High
Study chart of American Express Company Daily stock price and River. See chart, picture worth a thousand words.
Imagine we apply buy hold strategy, use ten years as one block. We see stock chart from year 2000 to now (2018). The first trading block will resulted in a lost. See chart. But the second block begin from 2010, it will be a good trade.
Remember, we suggest to take profit when price action close below the bull trendline. If you apply such profit taking strategy, you will be alright. So trade with eyes open.
Manage your risk.
October 19, 2018 American Express Company Buy Hold Strategy
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Add MACD indicator, see chart.
October 19, 2018 American Express Company 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.