January 23, 2017
Moses Stock Analysis – 000001.SS
January 20, 2017 Dow Jones Industrial Average
As we can see Dow has moved approximately 2000 points since November 11, 2017 after Trump won the election. DJI has hit 20,000 level, the record high. See Dow chart, we see Dow lost it momentum and drifting near 20,000 level. Can DJI breakout and move higher than 20,000 in 2017? No one sure, the current markets are very short term. As anything can happen, this is a transition period, all rules might be rewritten.
Let bring our focus back to Asia market. China and Hong Kong might be taking the center stage for the next couple of months or may be years. Will see. You do not have to believe, you just need to keep your eyes on the chart on a regular basis. Chart will show you the story, the true story.
China SSE COmposite Index and 34 EMA Wave
SSE Composite has been supported by the 34 EMA Wave after get out of submerge below the wave. Price action bounce off above the wave.
SSE Composite than takes a turn, bar close below 34 EMA Wave, and start to get resisted by the wave. Index bounces below the wave.
Ride the trend and surfing the wave if possible and not against it. Have fun!
January 20, 2017 China SSE Composite and 34 EMA Wave
Moses
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.