3 October, 2018
Thanks for visiting the site.
If you are H M Gartley fan, you will like the analysis here. See chart, picture worth a thousand words. Trade with eyes open.
ALK Alaska Air Group Inc Daily Charting
Buy Support Sell Resistance
Buy Low Sell High
Study chart of Alaska Air Group Inc Daily stock price, picture worth a thousand words. We see stock price goes lower at 64 dollars to the high near 102 dollars, start the AB leg to the low 72 dollars. Continues you will see another ABCD pattern, and another ABCD pattern, until the low at 58 dollars. See chart. After the low tested 58 dollars a few times. The price action seems to reverse. Reference to the moving average, a 34 period moving averages, low high and close. You will see MA slopping down, bear trend, price action below the River, the 34 MA band. The price action close back above MA band, and MA begin to slopping up. See chart.
Trade with eyes open.
Manage your risk.
October 2, 2018 Alaska Air Group Inc Daily and River
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
We study the weekly chart instead of the daily. What is the different? See chart, and compare both the weekly and daily chart. Picture worth a thousand words.
October 2, 2018 Alaska Air Group Inc Weekly Chart
Moses US Stock Chart Analysis
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.