16 July, 2019
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600639.SS Shanghai Jinqiao Export Processing Zone Development Co 上海金桥出口加工区开发 Stock Charting
Study Shanghai Jinqiao Export Processing Zone Development Co 上海金桥出口加工区开发 Stock chart and GMMA.
See chart, picture worth a thousand words.
Price Action and fast MA below slow MA. Fast MA resisted by Slow MA. After low, price action close above slow MA. You could see a clear bull ABCD pattern
Price Action bounce above fast ma. Price Action touch the high.
After the high the price action pullback and form a higher low. Price action get supported and move higher.
Trade with your eyes open.
Moses Stock Observation
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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.