4 December, 2019
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Think Think Got More Things
For future analysis, we focus on trend reversal and continuation.
Our Believe
We encourage you to buy support, sell resistance. We also like you to trade with open eyes.
601003.SS Liuzhou Iron&Steel Co 柳州钢铁股份 and MACD Stock Charting
Study Liuzhou Iron&Steel Co 柳州钢铁股份 Stock Charting and Price Action and MACD.
See chart, picture worth a thousand words.
Price Action goes from low to high to low and further low again. Price Action is below support.
We strong encourage to buy low sell high. or buy support and sell resistance.
If you study the chart, see price action breakout below support. See support turns resistance. Price Action retest the bottom, see double bottom. When price action breakout above resistance, the bear reversal might be succeed.
MACD indicator gives you the confirmation, from below zeroline to above.
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.