August 4, 2017
600301.SS Nanning Chemical Industry and Support Resistance
See chart for more, picture worth a thousand words.
Share price retest the high, and formed double top. The stock price breakout below neckline and hit the support. The stock price can not fall any further after hit the floor. Now the price action retest the floor twice and at neckline.
600301.SS Nanning Chemical Industry and MACD
See chart for more, picture worth a thousand words.
MACD has crossed down zeroline and stay below zeroline for sometime, MACD fail to cross up zeroline.
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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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