7 February, 2019
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000001.SS Shanghai Stock Exchange Composite Index Stock Charting
Study Shanghai Stock Exchange Composite Index stock chart.
Price action after near the peak at 3600 level in 2018, the price action continue to go lower and lower.
Price action is bear trend, finally the price action reach the ‘bottom”, hit the low below 2500 level. Price action retest the same low again in three months.
If you study the moving averages, you see the fast MA, goes below slow MA. But, but the price action has finally goes above fast MA, 34 period MA.
Trade with eyes open.
Moses Stock Analysis
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.