8 June, 2019
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000001.SS Shanghai Stock Exchange Composite index 上海证交所指数 Stock Charting
Study Shanghai Stock Exchange Composite index 上海证交所指数 Stock chart and month high low.
See chart, picture worth a thousand words.
In a big picture, we see the price action after the high the price action begin to go lower. Now the price action has rebounce after the double bottom.
Now the price action has breakout higher than the last May high.
Reference to 200 MA, price action below 200 MA until February this year, price action breakout close above 200 MA. Now 200 MA goes flat.
Will price action supported by the strong level? Will see.
Trade with your eyes open.
Moses Stock Observation
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.