21 January 2020
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With the unsuitability continues since last March, let study the Hong Kong properties stock like Sun Hung Kai Properties. The report still shows that Hong Kong is still on top of the Global on locating in Hong Kong.
0016.HK Sun Hung Kai Properties 新鸿基地产 Stock Charting
Study Sun Hung Kai Properties 新鸿基地产 Stock Charting and Price Action and GMMA
See chart, picture worth a thousand words.
Price Action goes from high to low to sideways.
We strong believer in buy low sell high. or buy support and sell resistance.
Price Action is below the belt, support resistance, see chart.
We see a H M Gartley ABCD pattern, to drive the price action lower since End March last Year. We see the price action got supported at June last year and retrace high. Then the price action retest the same low again in August last and since then the price stay below the belt.
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.