October 21, 2018
Thanks for visiting the site.
Ten days ago we study Shanghai Stock Exchange Composite Index, now let look at it again.
Moses Stock Stories – Thinking Out Loud
000001.SS China Shanghai Stock Exchange Composite Index Charting
Study China Shanghai Stock Exchange Composite stock index, see chart picture worth a thousand words. We added moving averages, 20, 50, 100 and 200 period. The four moving averages form a colourful band. See the price action after 3600 level and begin to move lower. See the price action breakout below 3100 level, Now, price action tested the low of 2500 level.
If you are H M Gartley enthusiast, you probably can find many Gartley 222 pattern.
Trade with your eyes open, the slow MA, such as 200 period moving average also slopping down. The trend is very bearish.
Manage Your Risk!
October 19, 2018 China Shanghai Stock Exchange Composite Index and Moving Averages
If you can see the whole chart, “press Ctrl and -” to zoom out to see the entire chart.
Add MACD indicator, see chart. Picture worth a thousand words.
October 19, 2018 China Shanghai Stock Exchange Composite Index 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.