Technical Analysis Challenge Day 2 - MACD
Putting what I learnt into practice.
PS: This is my TA observation, not financial advice.
I want to analyze $Amazon (AMZN.US)$ with MACD, so I find it on moomoo.
PS: This is my TA observation, not financial advice.
I want to analyze $Amazon (AMZN.US)$ with MACD, so I find it on moomoo.
This stock perfectly illustrate 3 use cases. See Images below.
<ol style="list-style:'decimal outside';-webkit-padding-start:27px;padding-left:27px;"> <li dir="auto">Peak and Low Price trends match with MACD Peak and Low</li>
<li dir="auto"></li>
<li dir="auto">Can clearly see Downtrend when MACD below zero and vice versa - Uptrend when MACD above zero.</li>
<li dir="auto"></li>
<li dir="auto">Looking at the past week, I can see DIF dips below DEA indicting SELL signal. And the last few days DIF breaks above DEA indicating BUY signal now.</li>
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