31 October, 2018
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Number of Hong Kong stocks we study have a similar pattern. Have a dead cross in 2018.
Moses Stock Stories – Think Think Got More Things
1114.HK Brilliance China Automotive Holdings Charting
We study Brilliance China Automotive Holdings stock chart. We see Brilliance China Automotive stock price from bull trend to bear trend, the price action was the low at HK$ 6 to the peak near HK$ 24. Then the stock price goes south and return to near HK $ 6.
Add the high, low and close 34 period moving average; river. We see the price action bouncing above river and cross below river and stay below river. See chart.
Besides that you could also spot H M Gartley 222 pattern. See the next chart.
Manage Your Risk!
October 30, 2018 Brilliance China Automotive Holdings and River
If you can see the whole chart, “press Ctrl and -” to zoom out to see the entire chart.
Technical Analysis
- Buy low sell high, or buy support sell resistance.
- Taking profit when price action close below bull trendline.
See chart, if you did not take profit, the price now return to its starting poing.
October 30, 2018 Brilliance China Automotive Holdings and Moving AveagesMoses
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.