May 18, 2019
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601001.SS DaTong Coal Industry Co 大同煤矿集团公司 Stock Charting
Study DaTong Coal Industry Co 大同煤矿集团公司 Stock chart and MACD.
See chart, picture worth a thousand words.
Price action continues to go lower until test below 4.2 RMB, and again test 4.2 RMB. Price Action begin to pull back and price action breakout higher than the last high.
Price action can not hold up to push north. Price action breakout below the last resistance. See chart.
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.