September 5, 2016
ABCD Chart Pattern, Moving Average, MACD Indicator are great charting tool. It helps to identify the price direction.
ABCD
Gartley Chart Pattern provides a clue where will the price move and may end. But all setup can fail.
Moving Average
When price action below moving average, we know that the price is bearish. It is a great advantage to short after the price has pullback near MA and resisted by MA.
MACD
When price forming lower low, and MACD or MACD Histogram is forming higher high. It signals the end of the down trend. Look out for buy opportunities.
Lenovo Group Stock Weekly Chart
September 2, 2016 Lenovo Group Weekly Chart
Moses Hong Kong Stock Column
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