7 December, 2019
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Study the chart using different technique. Such as indicator.
Our Believe
We encourage you to buy support, sell resistance. We also like you to trade with open eyes.
600029.SS China Southern Airlines Company 中国南方航空 Stock Charting
Study China Southern Airlines Company 中国南方航空 Stock Charting and Price Action and MACD indicator.
See chart, picture worth a thousand words.
Price Action goes from high to low, pullback to test the high but resisted by the support. But price Action fail and go lower. Price Action is now sideways.
Encourage to buy low and sell high. or buy support and sell resistance.
If you study the chart, see price action breakout below support. See support turns resistance. Price Action try to retest the resistance and breakout but fail.
Price action has a sharp fall, fulfill the dead cat bounce criteria. See chart.
Study the indicator, MACD indicator. See the oscillation of MACD. The band width continues to go smaller. Means? Weak. So, sideways is correct.
Now, we try to fit the story, as we look back. Next, how can you read the future?!
Trade with your eyes open.
Moses Stock Observation
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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.