Price Action Weaker | MACD Divergence | 000001.SS | Shanghai Stock Exchange Composite Index Charting | Moses Power China Charting | AmiBrokerAcademy.com

24 March 2021

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000001.SS | Shanghai Stock Exchange Composite Index Charting

Study Shanghai Stock Exchange Composite Index Stock Charting and MACD Divergence. Price Action after breakout 3650 level and test 3750 level. Price Action become weaker and follow the ABCD pattern to drift sough. Price Action supported by 200 MA and again.

20 MA cross down below 50 MA, dead cross. Price Action is also resisted by 20 MA.

Price Action shows weakness. See MACD Divergence.

Manage your trade risk.

20210324 Shanghai Stock Exchange Composite Index and MACD Divergence

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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.

We learn from many past and present great traders. Kudo to these master.