May 25, 2017
Singapore Stock Analysis – Stock Stories
COSCO SHIPPING INTL(S) CO. LTD and Bollinger Bands and Moving Averages
Study COSCO Shipping stock chart, see the analysis below.
Bollinger Bands:
COSCO SHIPPING INTL(S) CO. LTD, stock code: F83 has closed above bottom Bollinger band.
Bollinger Bands are quite narrower than normal.
The narrow width of the bands suggests low volatility as compared to its normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term.
Do note that the bands have been in this narrow range for about 28 bars. The probability of a significant price move has increased, as the longer the bands remain in this narrow range the probability increase.
Price Action and Moving Averages:
F83, COSCO SHIPPING has closed below its 20 period moving average.
20 period moving average is currently below mid term and long term. Long term moving average is above short term but below mid term.
Therefore, the relationship between price action and moving averages is: bearish in short-term, and neutral in mid to long term.
Trade with your own risk, and trade with open eyes.
May 23, 2018 Cosco Shipping Internation Singapore and Moving Average and Bollinger Bands
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.
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