13 September, 2018
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^XOI NYSE ARCA Oil & Gas Index Charting
Buy Support Sell Resistance or Buy Low Sell High
Study chart of NYSE ARCA Oil & Gas Index price action. Apply buy support and sell resistance strategy, see chart picture worth a thousand words, where is the support, where is the resistance.
Price action tested near 1700 level and fail. The price action tested the below 900 level. The price action rebounce in ABCD pattern.
Remind you again, buy support and sell resistance. Trade with eyes open.
Manage your risk.
September 13, 2018 NYSE ARCA Oil & Gas Index Buy Hold Strategy
If you apply indicator, MACD. See chart, picture worth a thousand words.
September 13, 2018 NYSE ARCA Oil & Gas Index 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.