May 8, 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 Fibonacci.
See chart, picture worth a thousand words.
As we remember on May 6, Asian markets finished broadly lower today with China market leading the way resulting from US-China trade tensions escalate.
May 6 has resulted Shanghai Stock Index down by 171.87 points, 5.58%.
Continue to monitor today, and we see the price action has found a support at 50%. Can the Fibo level hold the price action for continue to go any lower? 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.