22 August, 2018
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Moses Stock Stories – Thinking Out Loud
600021.SS 上海电力 Shanghai Electric Power Company Charting
Study Shanghai stock 上海电力 Shanghai Electric Power Company. See chart, picture worth a thousand words. If you bought the stock around early 2017 before May and you are still holding on to the stock. You lost. Again, this is another story on buy and hold failure.
If technical analysis, the key is cut lost. When the stock fail to achieve the buy and make money, be ready to cut lost. It is all easy say then done.
The stock price has formed a double bottom. But the price action has fail to even move near the neckline. Trade with eyes open.
We use stochastic to help us to identify the trend movement. Instead of using one stochastic, we use two, we called them fast and slow stochastic, picture worth a thousand words. We see a peak and slowly the slow stochastic slopping down from overbought to the oversold region. It signals a bearish trend.
Manage Your Risk!
August 21, 2018 上海电力 Shanghai Electric Power Company Charting
MACD | 600021.SS 上海电力 Shanghai Electric Power Company Charting
From MACD stands point, what is the analysis said. More bearish may come or not; MACD Cross Down Zeroline. But that we see a bearish ABCD patter, this is a ABCD buy pattern. Short-term you may have a buy opportunity. Trade with eyes open. Manage your risk.
August 21 2018 上海电力 Shanghai Electric Power Company and MACD
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.