15 June, 2018
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U.S. Stock Chart Analysis
ALG Alamo Group Inc and Box
Picture worth a thousand words, see chart price action trapped within the box, the price action is sideways. The price action retest the support, and also try to breakout the support but fail. The price action continue to move within the box and finally breakout the support. Manage your risk.
Question is, anyway to confirm the breakout? See the next chart. Have fun learning!
June 14, 2018 Almao Group Inc and Box and Breakout
ALG Alamo Group Inc and MACD Indicator
There is many whipsaw, see the first breakout but fail. So, use an indicator such as MACD is also a good idea. Remember, indicator basically use a formula to transform the price action to formulate into another pattern. In our case here, in the first fail breakout the indicator change the direction. This signal the price action is no longer continue in the direction.
Picture worth a thousand words, see chart and MACD indicator for more. Manage your risk
June 14, 2018 Alamo Group Inc and use MACD as Confirmation
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.