May 19, 2018
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Hong Kong Stock Analysis
0992.HK Lenovo Group and Bollinger Bands and Moving Averages
Picture worth a thousand words, see chart. We study Lenovo Group using Bollinger and Moving Averages. Monitor the stock trend.
Bollinger Bands:
Lenovo Group stock code:0992.HK has closed below upper band. Bollinger Bands are narrower than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Bollinger Bands do not a buy or sell strategy. Manange your own risk if you decide to trade.
Price Action and Moving Averages:
Lenovo Group stock code:0992.HK has closed above its Short Term Moving Average.
Short Term, 20 MA moving average is currently below Mid-Time, and below long term moving averages.
In conclusion price action and moving averages is neutral in short-term, and bearish in mid and long term. Manage your trade risk.
Manage your risk.
May 18, 2018 Lenovo Group and Moving Averages
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
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.