15 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We will use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze price action. We also analyze crypto currency price action. See our posting for Bitcoin and other popular cryptocurries.
What we do is to translate price action chart into layman language for you to understand, ie Picture worth a thousand words. You can learn this too. All analysis read the price action chart differently. It is just like an essay, all reader will have different conclusion.
Stock Listed Both in Hong Kong and Shanghai
SMIC listed both in Hong Kong Stock Exchange and Shanghai Stock Exchange. SMIC Hong Kong stock code, 0981.HK, and Shanghai stock code, 688981.SS.
You can reference to your earlier posting, 688981.SS | Semiconductor Manufacturing International Corporation 中芯国际 | Power Moses Simple Charting | AmiBrokerAcademy.com.
Trade well.
1) 0981.HK | Semiconductor Manufacturing International Corporation SMIC and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. We see Tenkan Sen trending up from last June and speak in July last year and pullback. That is also reflected in Tenkan cross below Kijun. Bull trend has ended in July last year. Tenkan Sen begin to zigzag with Kijun a few times, price action is sink in the cloud. Price Action begin to go sideways.
Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Besides that, Ichimoku is an indicator that gauges future price momentum and determine futures areas of support and resistance. Price Action seems to go from support to resisted by cloud.
Trade what you see. See a potential resistance.
Manage risk is a key in trading.
Moses Free Charting
2) Semiconductor Manufacturing International Corporation SMIC and Support Resistance
Price Action goes from low to high to low again. See a key level we determine from the month high low. You can see price action first goes below key level, next the price action stay above key level. What’s now? Price Action return t below key level (blue).
We use box to box month high low to find a key level. See chart. We have plotted a strong level. Support turns Resistance and support then resistance again. Can the resistance stop the price action from moving up again? Will see.
Trade what you see. Manage your risk.
3) Semiconductor Manufacturing International Corporation SMIC and River
Moving Average is a great visual tool. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. Price action goes from above 34 EMA to below River, bear trend? Price Action finally zigzag along River, price action seems in sideways. Trade what you see.
Overall bear trend.
Manage your risk.
4) Semiconductor Manufacturing International Corporation SMIC and GMMA and Moving Averages
Price Action and Fast MA (green) goes from above Slow MA (red) to below. After last July the price action and Fast MA (green) are dipped below the Slow MA (red). Finally, Fast MA are still below Slow MA,
5) Semiconductor Manufacturing International Corporation SMIC and Bollinger Bands and Moving Averages
Price Action and moving averages:
0981.HK, SMIC price action has closed below its Short time (20 period) moving average.
Short time (20) moving average is currently below mid-time (50), AND below long time (100) moving averages.
50 and 100 MA are above 200 MA, but 20 MA is below 200 MA.
Bollinger Bands:
0981.HK, Semiconductor Manufacturing International Corporation price action has closed above bottom band.
Bollinger Bands are narrower than normal.
Manage your risk.
6) Semiconductor Manufacturing International Corporation SMIC and MACD
We see price action after deep down, price action slowly return to high. See chart.
Don’t take MACD or MACD-H Divergence lightly. Don’t play play.
7) Semiconductor Manufacturing International Corporation SMIC and Hang Seng Index Correlation
Before 2021, the price action has no correlation, but for 2021, the price has a slight similarity, moving south about a similar pace. See chart.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
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.