March 20, 2018

US Stock Chart Analysis

International Business Machines IBM From 1992

We study IBM using MACD, now zoom out and see the chart from 1992, see chart for more, picture worth a thousand words. The stock price once approaching 220, but struggle to breakout higher. The stock price soon decline, can you spot the bearish ABCD pattern. Of course, after the the end or bearish ABCD pattern will be buy. The price action rebounce, can it be a bullish ABCD patter. The pattern seems completed AB leg, and BC leg. Is it in the CD let phase. Will see. Manage your risk!

Manage your risk!

Powerful Chart Software – AmiBroker

The following chart is produced using AmiBroker charting software. It is a powerful chart software. Anything, finance ticket you could download from Yahoo! Finance you could plot them, those you are interested all in a chart, so you could analyse them. 

20180316 International Business Machines from 1992

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.