May 30, 2018
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Shanghai Stock Analysis
600098.SS 广州发展 Guangzhou Development Group Incorporated and MA Wave
Picture worth a thousand words, see chart. We study 广州发展 Guangzhou Development Group Incorporated using Moving Average.
Instead of using just one MA, we use three MA of 34 period. We use 34 MA high, low and close. See chart, the MAs forms a river or band. We see the price action bouncing up and down of MA river. The MA river is like a wave.
The stock price started fall from near 7.9 all the way to below 5.9, then the price action move up to 7.20 but fail again. Now the price ended at 6.8.
See chart, the price action zip up zip down of the MA wave.
Manage your risk.
May 30, 2018 广州发展 Guangzhou Development Group Incorporated and MA Wave
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
广州发展 Guangzhou Development Group Incorporated and MACD
Study the chart again, this time lets try MACD indicator. 广州发展 Guangzhou Development Group Incorporated stock price is reverse after retest the bottom again.
Picture worth a thousand words, see chart for more. Manage your risk.
May 30, 2018 广州发展 Guangzhou Development Group Incorporated and MACD
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.
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.