January 29, 2020
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600999.SS China Merchants Securities Co 招商证券股份有限公司 Stock Charting
Study China Merchants Securities Co 招商证券股份公司 Stock chart and year high low.
See chart, picture worth a thousand words.
Zoom out to see a bigger picture, look back past three years high low. We see the price is forming a lower high from the year high.
Move down and up when checking on the year low level.
Now, if you are a pattern trader, you could easily spotted a cup and handle pattern. Now the price action is near the strong level, neckline. Can price action continue to go above the neckline? Will see.
Trade what you see and not what you think.
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.